Quantcast
Channel: MoneyScience: 's news items
Viewing all articles
Browse latest Browse all 1821

Communicability in the World Trade Network -- A new perspective for community detection. (arXiv:2001.06356v1 [physics.soc-ph])

$
0
0

Community detection in a network plays a crucial role in the economic and financial contexts, specifically when applied to the World Trade Network. We provide a new perspective in which clusters of strongly interacting countries are identified by means of a specific distance criterion. We refer to the Estrada communicability distance and the vibrational communicability distance, which turn out to be particularly suitable for catching the inner structure of the economic network. The methodology is based on a varying distance threshold and it is effective from a computational point of view. It also allows an inspection of the intercluster and intracluster properties of the resulting communities. The numerical analyses highlight peculiar relationships between countries and provide a rich set of information that can hardly be achieved within alternative clustering approaches.


Viewing all articles
Browse latest Browse all 1821

Trending Articles