AN ATTEMPT TO OBSERVE ECONOMY GLOBALIZATION: THE CROSS CORRELATION DISTANCE EVOLUTION OF THE TOP 19 GDP'S

DOI10.1142/S0129183106008480MaRDI QIDQ5481784zbMATH OpenFDO

Authors Janusz Miśkiewicz, Marcel R. Ausloos

Publication date 24 August 2006

Published in International Journal of Modern Physics C (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/physics/0509165

zbMATH Keywords

econophysicscorrelationsglobalizationgross domestic productlinear network

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Programming involving graphs or networks (90C35) Statistical methods; economic indices and measures (91B82) Economic time series analysis (91B84) Graph theory (including graph drawing) in computer science (68R10)

Abstract: Economy correlations between the 19 richest countries are investigated through their Gross Domestic Product increments. A distance is defined between increment correlation matrix elements and their evolution studied as a function of time and time window size. Unidirectional and Bidirectional Minimal Length Paths are generated and analyzed for different time windows. A sort of critical correlation time window is found indicating a transition for best observations. The mean length path decreases with time, indicating stronger correlations. A new method for estimating a realistic minimal time window to observe correlations and deduce macroeconomy conclusions from such features is thus suggested.

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Cites work

• CROSS-COUNTRY HIERARCHICAL STRUCTURE AND CURRENCY CRISES
• Introduction to algorithms
• Levels of complexity in financial markets
• Simple model for the dynamics of correlations in the evolution of economic entities under varying economic conditions

Cited in

(8)

• Editorial: Tails and ties
• Global trade and GDP comovement
• Clusters in weighted macroeconomic networks: the EU case. Introducing the overlapping index of GDP/capita fluctuation correlations
• Cluster structure of EU-15 countries derived from the correlation matrix analysis of macroeconomic index fluctuations
• Measures of globalization based on cross-correlations of world financial indices
• The emergence of temporal correlations in a study of global economic interdependence
• scientific article; zbMATH DE number 2221020 (Why is no real title available?)
• A geometrical imaging of the real gap between economies of China and the United States

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