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Descripción
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| Adam Smith is considered the father of modern economics. His research on the Wealth of Nations is the first scientific work that theorized about the complexity of economic systems and how an "invisible hand self-regulates markets and their behavior. In this way, we study the international commodity trade markets as complex networks. We analyze their topological properties, structure and temporal dynamics based on actual data. Our main premise states that a close analogy can be found between trade networks in economics and mutualistic networks in ecology. Indeed, both types of network are bipartite in nature and their constituting agents are motivated by self-interest. Thus, we apply the methodology developed for mutualistic ecosystems to trade networks. Minor gaps can be found in this methodology. We address such gaps by using well-known techniques from related scientific work, which effectively complement the premise. We confirm that mutualistic and trade networks share similar topological properties and structure. In this way, the evidence supports the fact that the premise is a realistic assumption. | |
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Internacional
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Si |
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Nombre congreso
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Complex Networks: Structure, Applications and Related Topics (Net-Works 2011) |
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Tipo de participación
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960 |
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Lugar del congreso
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El Escorial (España) |
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Revisores
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Si |
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ISBN o ISSN
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2174-6036 |
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DOI
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Fecha inicio congreso
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26/10/2011 |
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Fecha fin congreso
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28/10/2011 |
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Desde la página
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191 |
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Hasta la página
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201 |
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Título de las actas
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Proceedings of the International Conference "Complex Networks: Structure, Applications and Related Topics (Net-Works 2011)" |