The details of the process governing the co-evolution of expectations formation, individual choices and interaction structure can crucially affect the long-run social structure emerging in coordination games repeatedly played in large populations. To investigate this issue, we present a model of...

We examine the emergent field of economic networks and explore its ability to shed light on the global and volatile economy where credit, ownership, innovation, investment, and virtually every other economic activity is carried at a scale and scope that respects no geographical, organizational,...

This paper studies how the distributions of the most important network statistics measuring connectivity, assortativity, clustering and centrality in the international-trade network have co-evolved over time. We show that all node statistic distributions and their correlation structure have...

The authors analyse patterns of international trade and financial integration using complex network analysis. The combination of both binary and weighted approaches delivers more precise and thorough insights into the topological structure and properties of international trade and financial...

We examine the emergent field of economic networks and explore its ability to shed light on the global and volatile economy where credit, ownership, innovation, investment, and virtually every other economic activity is carried at a scale and scope that respects no geographical, organizational,...

This paper studies the topological properties of the World Trade Web (WTW) and its evolution over time by employing a weighted network analysis. We show that the WTW, viewed as a weighted network, displays statistical features that are very different from those obtained by using a traditional...

Over the past four decades, the high-performing Asian economies (HPAE) have followed a development strategy based on the exposure of their local markets to the presence of foreign competition and on outward-oriented production. In contrast, Latin American (LATAM) economies began taking steps in...

The issue of estimating the persistence of a dynamic process arises frequently in many micro and macro applied exercises. In this note we study the statistical properties of a simple index of persistence. We show that the index is normally-distributed and we estimate its expected value and...