2021/07/04 by Matthew Smith, Smith, Matthew, Yasaman Sarabi +2
Economics, Econometrics and Finance · Business, Management and Accounting · #Global trade and economics #International Business and FDI #Regional Economics and Spatial Analysis
paper · pdf · doi:10.48550/arxiv.2107.01696
This study examines patterns of regionalisation in the International Trade\nNetwork (ITN). The study makes use of Gould Fernandez brokerage to examine the\nroles countries play in the ITN linking different regional partitions. An\nexamination of three ITNs is provided for three networks with varying levels of\ntechnological content, representing trade in high tech, medium tech, and\nlow-tech goods. Simulated network data, based on multiple approaches including\nan advanced network model controlling for degree centralisation and clustering\npatterns, is compared to the observed data to examine whether the roles\ncountries play within and between regions are a result of centralisation and\nclustering patterns. The findings indicate that the roles countries play\nbetween and within regions are indeed a result of centralisation patterns and\nchiefly clustering patterns; indicating a need to examine the presence of hubs\nwhen investigating regionalisation and globalisation patterns in the modern\nglobal economy.\n