Network Analysis of Correlation Strength between the Most Developed Countries

• Authors: J. Miśkiewicz
• Languages of publication: EN

Abstracts

EN

A new algorithm of the analysis of correlation among economy time series is proposed. The algorithm is based on the power law classification scheme followed by the analysis of the network on the percolation threshold. The algorithm was applied to the analysis of correlations among gross domestic product per capita time series of 19 most developed countries in the periods (1982, 2011), (1992, 2011) and (2002, 2011). The representative countries with respect to strength of correlation, convergence of time series and stability of correlation are distinguished. The results are compared with ultrametric distance matrix analysed by network on the percolation threshold.

Keywords

EN

89.65.Gh; 05.45.Tp

Discipline

• 05.45.Tp: Time series analysis
• 89.65.Gh: Economics; econophysics, financial markets, business and management(for economic issues regarding production and use of renewable energy, see 88.05.Lg)

• Publisher: Institute of Physics, Polish Academy of Sciences
• Journal: Acta Physica Polonica A
• Year: 2013
• Volume: 123
• Issue: 3
• Pages: 589-596

Dates

published

2013-03

Contributors

author

J. Miśkiewicz

• Institute of Theoretical Physics, University of Wrocław, pl. M. Borna 9, 50-204 Wrocław, Poland
• Department of Physics and Biophysics, Wrocław University of Environmental and Life Sciences C.K. Norwida 25, 50-375 Wrocław

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Identifiers

DOI

10.12693/APhysPolA.123.589