Network Analysis of World Trade Using the BACI-CEPII Dataset

59 Pages Posted: 4 Jan 2014

See all articles by Luca De Benedictis

Luca De Benedictis

University of Macerata; Luiss University

Silvia Nenci

University of Rome III - Department of Economics

Gianluca Santoni

St. Anna School of Advanced Studies - Laboratory of Economics and Management (LEM)

Lucia Tajoli

Politecnico di Milano - Dipartimento di Ingegneria Gestionale

Claudio Vicarelli

ISTAT - Italian National Institute of Statistics

Date Written: January 2014

Abstract

In this paper we explore the BACI-CEPII database using Network Analysis. Starting from the visualization of the World Trade Network, we then define and describe the topology of the network, both in its binary version and in its weighted version, calculating and discussing some of the commonly used network's statistics. We finally discuss some specific topic that can be studied using Network Analysis and International Trade data, both at the aggregated and sectoral level. The analysis is done using multiple software (Stata, R, and Pajek). The scripts to replicate part of the analysis are included in the appendix, and can be used as an hands-on tutorial. Moreover, the World Trade Network local and global centrality measures, for the unweighted and the weighted version of the Network, calculated using the bilateral aggregate trade data for each country (178 in total) and each year (from 1995 to 2010,) can be downloaded from the CEPII webpage.

Keywords: International trade, Network Analysis, Density, Centrality, Stata, R, Pajek

JEL Classification: F11, F14

Suggested Citation

De Benedictis, Luca and Nenci, Silvia and Santoni, Gianluca and Tajoli, Lucia and Vicarelli, Claudio, Network Analysis of World Trade Using the BACI-CEPII Dataset (January 2014). Banque de France Working Paper No. 471, Available at SSRN: https://ssrn.com/abstract=2374354 or http://dx.doi.org/10.2139/ssrn.2374354

Luca De Benedictis (Contact Author)

University of Macerata ( email )

Via Crescimbeni 20
Macerata, MC 62100
Italy

HOME PAGE: http://docenti.unimc.it/luca.debenedictis

Luiss University ( email )

Viale Romania 32
Rome, 00198
Italy

Silvia Nenci

University of Rome III - Department of Economics ( email )

via Ostiense, 139
Rome, 00154
Italy

Gianluca Santoni

St. Anna School of Advanced Studies - Laboratory of Economics and Management (LEM) ( email )

Piazza Martiri della Liberta', 33
Pisa, I-56127
Italy

Lucia Tajoli

Politecnico di Milano - Dipartimento di Ingegneria Gestionale ( email )

via Lambruschini 4b
Milan, 20156
Italy
++390223992752 (Phone)

Claudio Vicarelli

ISTAT - Italian National Institute of Statistics ( email )

Via Cesare Balbo 16
00184 Rome, 0185
Italy

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