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Influence of petroleum and gas trade on EU economies from the reduced Google matrix analysis of UN COMTRADE data

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  • C'elestin Coquid'e
  • Leonardo Ermann
  • Jos'e Lages
  • D. L. Shepelyansky

Abstract

Using the United Nations COMTRADE database we apply the reduced Google matrix (REGOMAX) algorithm to analyze the multiproduct world trade in years 2004-2016. Our approach allows to determine 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.

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  • C'elestin Coquid'e & Leonardo Ermann & Jos'e Lages & D. L. Shepelyansky, 2019. "Influence of petroleum and gas trade on EU economies from the reduced Google matrix analysis of UN COMTRADE data," Papers 1903.01820, arXiv.org.
    • Handle: RePEc:arx:papers:1903.01820
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    14. Célestin Coquidé & José Lages & Dima L. Shepelyansky, 2019. "World influence and interactions of universities from Wikipedia networks," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 92(1), pages 1-20, January.
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    Cited by:

    1. C'elestin Coquid'e & Jos'e Lages & Dima L. Shepelyansky, 2020. "Crisis contagion in the world trade network," Papers 2002.07100, arXiv.org.
    2. Célestin Coquidé & José Lages & Dima Shepelyansky, 2020. "Interdependence of sectors of economic activities for world countries from the reduced Google matrix analysis of WTO data," Post-Print hal-02132487, HAL.
    3. C'elestin Coquid'e & Jos'e Lages & Dima L. Shepelyansky, 2024. "Opinion formation in the world trade network," Papers 2401.02378, arXiv.org, revised Feb 2024.
    4. Célestin Coquidé & José Lages & Leonardo Ermann & Dima Shepelyansky, 2022. "COVID-19 impact on the international trade," Post-Print hal-03536528, HAL.
    5. Célestin Coquidé & José Lages & Dima Shepelyansky, 2024. "Opinion Formation in the World Trade Network," Post-Print hal-04461784, HAL.
    6. Frahm, Klaus M. & Shepelyansky, Dima L., 2020. "Google matrix analysis of bi-functional SIGNOR network of protein–protein interactions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 559(C).
    7. C'elestin Coquid'e & Jos'e Lages & Dima L. Shepelyansky, 2023. "Prospects of BRICS currency dominance in international trade," Papers 2305.00585, arXiv.org.
    8. Guillaume Rollin & José Lages & Dima L Shepelyansky, 2019. "Wikipedia network analysis of cancer interactions and world influence," PLOS ONE, Public Library of Science, vol. 14(9), pages 1-26, September.

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