info:eu-repo/semantics/article
Influence of petroleum and gas trade on EU economies from the reduced Google matrix analysis of UN COMTRADE data
Fecha
2019-08Registro en:
Coquidé, Célestin; Ermann, Leonardo; Lages, José; Shepelyansky, Dima L.; Influence of petroleum and gas trade on EU economies from the reduced Google matrix analysis of UN COMTRADE data; Springer; European Physical Journal B - Condensed Matter; 92; 8-2019; 1-15
1434-6028
CONICET Digital
CONICET
Autor
Coquidé, Célestin
Ermann, Leonardo
Lages, José
Shepelyansky, Dima L.
Resumen
Using the United Nations COMTRADE database (United Nations Commodity Trade Statistics Database, http://comtrade.un.org/db/ (accessed January 2019)) we apply the reduced Google matrix (REGOMAX) algorithm to analyze the multiproduct world trade in years 2004–2016. Our approach allows determining the trade balance sensitivity of a group of countries to a specific product price increase from a specific exporting country taking into account all direct and indirect trade pathways via all world countries exchanging 61 UN COMTRADE identified trade products. On the basis of this approach we present the influence of trade in petroleum and gas products from Russia, USA, Saudi Arabia and Norway determining the sensitivity of each EU country. We show that the REGOMAX approach provides a new and more detailed analysis of trade influence propagation comparing to the usual approach based on export and import flows.