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The state’s position in international agricultural commodity trade

Author

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  • Hongbo Cai
  • Yuanyuan Song

Abstract

Purpose - The purpose of this paper is to apply an analysis of complex networks to empirically research international agricultural commodity trade and countries’ trading relations. The structure of global agricultural commodity trade is quantitatively described and analysed. Design/methodology/approach - Based on statistical physics and graph theory, the research paradigm of a complex network, which has sprung up in the last decade, provides us with new global perspective to discuss the topic of international trade, especially agricultural commodity trade. In this paper, the authors engage in the issue of countries’ positions in international agricultural commodity trade using the latest complex network theories. The authors at first time introduce the improved bootstrap percolation to simulate cascading influences following the breaking down of bilateral agricultural commodity trade relations. Findings - On a mid-level structure, countries are classified into three communities that reflect the structure of the “core/periphery” using the weighted extremal optimisation algorithm and the coarse graining process. On a micro-level, countries’ rankings are provided with the aid of network’s node centralities, which presents world agricultural commodity trade as a closed, imbalanced, diversified and multi-polar development. Originality/value - The authors at first time introduce the improved bootstrap percolation to simulate cascading influences following the breaking down of bilateral agricultural commodity trade relations.

Suggested Citation

  • Hongbo Cai & Yuanyuan Song, 2016. "The state’s position in international agricultural commodity trade," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 8(3), pages 430-442, September.
  • Handle: RePEc:eme:caerpp:v:8:y:2016:i:3:p:430-442
    DOI: 10.1108/CAER-02-2016-0032
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    Cited by:

    1. Liu, Yi & Wang, Jianliang, 2024. "Risk analysis and resilience assessment of China's oil imports after the Ukraine Crisis:A network-based dynamics model," Energy, Elsevier, vol. 299(C).
    2. Anton Oleinik, 2018. "EOpen Economy or Protectionism: Ukraine’s Dilemma," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(3), pages 109-127.
    3. Tian, Xu & Geng, Yong & Sarkis, Joseph & Gao, Cuixia & Sun, Xin & Micic, Tatyana & Hao, Han & Wang, Xin, 2021. "Features of critical resource trade networks of lithium-ion batteries," Resources Policy, Elsevier, vol. 73(C).
    4. Wang, Xingxing & Wang, Anjian & Zhong, Weiqiong & Zhu, Depeng & Wang, Chunhui, 2022. "Analysis of international nickel flow based on the industrial chain," Resources Policy, Elsevier, vol. 77(C).
    5. Rita Remeikiene & Ligita Gaspareniene & Artiom Volkov, 2018. "Evaluation of the Influence of the Export in Agricultural Products on the Baltic States Economic Growth," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(3), pages 83-94.

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