Clusters in weighted macroeconomic networks: the EU case. Introducing the overlapping index of GDP/capita fluctuation correlations

DOI10.1140/EPJB/E2008-00176-YMaRDI QIDQ978624zbMATH OpenOpenAlexFDO

Authors J. Martínez

Publication date 25 June 2010

Published in The European Physical Journal B. Condensed Matter and Complex Systems (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/0710.5447

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Economic time series analysis (91B84)

Abstract: GDP/capita correlations are investigated in various time windows (TW), for the time interval 1990-2005. The target group of countries is the set of 25 EU members, 15 till 2004 plus the 10 countries which joined EU later on. The TW-means of the statistical correlation coefficients are taken as the weights (links) of a fully connected network having the countries as nodes. Thereafter we define and introduce the overlapping index of weighted network nodes. A cluster structure of EU countries is derived from the statistically relevant eigenvalues and eigenvectors of the adjacency matrix. This may be considered to yield some information about the structure, stability and evolution of the EU country clusters in a macroeconomic sense.

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Cites work

• Cluster structure of EU-15 countries derived from the correlation matrix analysis of macroeconomic index fluctuations
• Clusters in weighted macroeconomic networks: the EU case. Introducing the overlapping index of GDP/capita fluctuation correlations
• Evolution of the social network of scientific collaborations
• scientific article; zbMATH DE number 3046039 (Why is no real title available?)
• Statistical mechanics of complex networks
• The Structure and Function of Complex Networks

Cited in

(5)

• The homogeneity of two sets of European economies
• Simple approaches on how to discover promising strategies for efficient enterprise performance, at time of crisis in the case of SMEs: Voronoi clustering and outlier effects perspective
• AN ATTEMPT TO OBSERVE ECONOMY GLOBALIZATION: THE CROSS CORRELATION DISTANCE EVOLUTION OF THE TOP 19 GDP'S
• 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

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