Measuring global economic interdependence: a hierarchical network approach

Autores
Matesanz Gómez, David; Torgler, Benno; Ortega, Guillermo José
Año de publicación
2013
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
This paper investigates the business cycle co-movement across countries and regions since 1950 as a measure for quantifying the economic interdependence in the ongoing globalisation process. Our methodological approach is based on analysis of a correlation matrix and the networks it contains. Such an approach summarises the interaction and interdependence of all elements, and it represents a more accurate measure of the global interdependence involved in an economic system. Our results show (1) the dynamics of interdependence has been driven more by synchronisation in regional growth patterns than by the synchronisation of the world economy, and (2) world crisis periods dramatically increase the global co-movement in the world economy.
Fil: Matesanz Gómez, David. Universidad de Oviedo; España
Fil: Torgler, Benno. Queensland University Of Technology.; Australia. Center for Research in Economics, Management and the Arts; Suiza
Fil: Ortega, Guillermo José. Universidad Nacional de Quilmes. Departamento de Ciencia y Tecnología; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
Materia
Econophysics
Complex Networks
Globalization
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/28749
Acceder
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oai_identifier_str oai:ri.conicet.gov.ar:11336/28749
network_acronym_str CONICETDig
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network_name_str CONICET Digital (CONICET)
spelling Measuring global economic interdependence: a hierarchical network approachMatesanz Gómez, DavidTorgler, BennoOrtega, Guillermo JoséEconophysicsComplex NetworksGlobalizationhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5This paper investigates the business cycle co-movement across countries and regions since 1950 as a measure for quantifying the economic interdependence in the ongoing globalisation process. Our methodological approach is based on analysis of a correlation matrix and the networks it contains. Such an approach summarises the interaction and interdependence of all elements, and it represents a more accurate measure of the global interdependence involved in an economic system. Our results show (1) the dynamics of interdependence has been driven more by synchronisation in regional growth patterns than by the synchronisation of the world economy, and (2) world crisis periods dramatically increase the global co-movement in the world economy.Fil: Matesanz Gómez, David. Universidad de Oviedo; EspañaFil: Torgler, Benno. Queensland University Of Technology.; Australia. Center for Research in Economics, Management and the Arts; SuizaFil: Ortega, Guillermo José. Universidad Nacional de Quilmes. Departamento de Ciencia y Tecnología; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; ArgentinaWiley2013-07info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/28749Matesanz Gómez, David; Torgler, Benno; Ortega, Guillermo José; Measuring global economic interdependence: a hierarchical network approach; Wiley; The World Economy; 36; 12; 7-2013; 1632-16481467-9701CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1111/twec.12080info:eu-repo/semantics/altIdentifier/url/http://onlinelibrary.wiley.com/doi/10.1111/twec.12080/abstractinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-10-15T14:47:28Zoai:ri.conicet.gov.ar:11336/28749instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-10-15 14:47:28.423CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Measuring global economic interdependence: a hierarchical network approach
title Measuring global economic interdependence: a hierarchical network approach
spellingShingle Measuring global economic interdependence: a hierarchical network approach
Matesanz Gómez, David
Econophysics
Complex Networks
Globalization
title_short Measuring global economic interdependence: a hierarchical network approach
title_full Measuring global economic interdependence: a hierarchical network approach
title_fullStr Measuring global economic interdependence: a hierarchical network approach
title_full_unstemmed Measuring global economic interdependence: a hierarchical network approach
title_sort Measuring global economic interdependence: a hierarchical network approach
dc.creator.none.fl_str_mv Matesanz Gómez, David
Torgler, Benno
Ortega, Guillermo José
author Matesanz Gómez, David
author_facet Matesanz Gómez, David
Torgler, Benno
Ortega, Guillermo José
author_role author
author2 Torgler, Benno
Ortega, Guillermo José
author2_role author
author
dc.subject.none.fl_str_mv Econophysics
Complex Networks
Globalization
topic Econophysics
Complex Networks
Globalization
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv This paper investigates the business cycle co-movement across countries and regions since 1950 as a measure for quantifying the economic interdependence in the ongoing globalisation process. Our methodological approach is based on analysis of a correlation matrix and the networks it contains. Such an approach summarises the interaction and interdependence of all elements, and it represents a more accurate measure of the global interdependence involved in an economic system. Our results show (1) the dynamics of interdependence has been driven more by synchronisation in regional growth patterns than by the synchronisation of the world economy, and (2) world crisis periods dramatically increase the global co-movement in the world economy.
Fil: Matesanz Gómez, David. Universidad de Oviedo; España
Fil: Torgler, Benno. Queensland University Of Technology.; Australia. Center for Research in Economics, Management and the Arts; Suiza
Fil: Ortega, Guillermo José. Universidad Nacional de Quilmes. Departamento de Ciencia y Tecnología; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
description This paper investigates the business cycle co-movement across countries and regions since 1950 as a measure for quantifying the economic interdependence in the ongoing globalisation process. Our methodological approach is based on analysis of a correlation matrix and the networks it contains. Such an approach summarises the interaction and interdependence of all elements, and it represents a more accurate measure of the global interdependence involved in an economic system. Our results show (1) the dynamics of interdependence has been driven more by synchronisation in regional growth patterns than by the synchronisation of the world economy, and (2) world crisis periods dramatically increase the global co-movement in the world economy.
publishDate 2013
dc.date.none.fl_str_mv 2013-07
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/28749
Matesanz Gómez, David; Torgler, Benno; Ortega, Guillermo José; Measuring global economic interdependence: a hierarchical network approach; Wiley; The World Economy; 36; 12; 7-2013; 1632-1648
1467-9701
CONICET Digital
CONICET
url http://hdl.handle.net/11336/28749
identifier_str_mv Matesanz Gómez, David; Torgler, Benno; Ortega, Guillermo José; Measuring global economic interdependence: a hierarchical network approach; Wiley; The World Economy; 36; 12; 7-2013; 1632-1648
1467-9701
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1111/twec.12080
info:eu-repo/semantics/altIdentifier/url/http://onlinelibrary.wiley.com/doi/10.1111/twec.12080/abstract
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 13.22299

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