Crisis contagion in the world trade network

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TitreCrisis contagion in the world trade network
Type de publicationJournal Article
Year of Publication2020
AuteursCoquide C, Lages J, Shepelyansky DL
JournalAPPLIED NETWORK SCIENCE
Volume5
Pagination67
Date PublishedSEP 18
Type of ArticleArticle
Mots-cléscomplex networks, Contagion crisis, Google matrix, PageRank, phase transition, World trade
Résumé

We present a model of worldwide crisis contagion based on the Google matrix analysis of the world trade network obtained from the UN Comtrade database. The fraction of bankrupted countries exhibits an on-off phase transition governed by a bankruptcy threshold kappa related to the trade balance of the countries. For kappa>kappa(c), the contagion is circumscribed to less than 10% of the countries, whereas, for kappa

DOI10.1007/s41109-020-00304-z