Crisis contagion in the world trade network
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Titre | Crisis contagion in the world trade network |
Type de publication | Journal Article |
Year of Publication | 2020 |
Auteurs | Coquide C, Lages J, Shepelyansky DL |
Journal | APPLIED NETWORK SCIENCE |
Volume | 5 |
Pagination | 67 |
Date Published | SEP 18 |
Type of Article | Article |
Mots-clés | complex 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 |
DOI | 10.1007/s41109-020-00304-z |