The impact of COVID-19 on the international energy trade network centrality and community structures

Cai, Hao; Huang, Siyu; Wu, Zongning

doi:10.1080/13504851.2022.2035665

Cited by 4 publications

(1 citation statement)

References 11 publications

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“…We highlight some notable works that assess the ITN from a disaggregated perspective, focusing on the international trade of specific goods: evolutionary characteristics of the international fossil energy trade multilayer network [31], the community structure of the multi-network of commodity-specific trade relations [32], roles of countries in the international fossil fuel trade network [33], robustness of the international oil trade network under shocks [34], dynamic process of the international energy trade network during COVID-19 [35], geography of global crude oil flows [36], the international crude oil trade and the international petroleum trade through econometric analysis and complex network analysis [37], evolution of communities pertaining to global trade networks for lithium [38]. Our work differs primarily by employing aggregated trade flows.…”

Section: Related Workmentioning

confidence: 99%

Interconnectivity disrupted by fading globalization: a network approach to recent international trade developments

Silva,

Wilhelm,

Amancio

2024

J. Phys. Complex.

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The post-World War II decades experienced rapid growth in international trade, but recently a trend of weakening globalization has been consolidating. We construct an International Trade Network (ITN) using bilateral trade (2010 to 2022) to assess how interconnectedness has evolved in the face of recent developments. Our analysis reveals that while network connectivity initially improved, there was a shift towards a negative trend from 2018, coinciding with an increasingly unfavorable environment for international trade. We also document significant changes in the roles of countries within the ITN. While the USA remains the primary hub and China solidifies its second position, key countries like Germany, France, Great Britain, and Japan have notably lost relevance, whereas nations like India and the Republic of Korea are gaining prominence. Finally, employing an econometric model, we show that countries with large economies, significant manufacturing sector, lower inward foreign direct investment stock, and economic and geopolitical stability tend to occupy more central positions in the ITN.

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Section: Related Workmentioning

confidence: 99%

Interconnectivity disrupted by fading globalization: a network approach to recent international trade developments

Silva,

Wilhelm,

Amancio

2024

J. Phys. Complex.

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Beyond streets: The role of alleys in Abu Dhabi's and Dubai's network systems

Khanal,

Sohdy Abdelfattah,

Alawadi

et al. 2024

Journal of Urban Management

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Impacts of Trade Friction and Climate Policy on Global Energy Trade Network

2022

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The trade impacts of the COVID-19 pandemic and the Russian invasion of Ukraine have raised questions about the role of trade and climate policies in energy security and global emissions. This study updates a widely used integrated assessment model (IAM), MESSAGEix-GLOBIOM, to represent complex trade networks to explicitly draw energy flows from their origins to their destination. It then examines the effects of (1) energy trade tariff policies and (2) a global carbon emissions tax on the global energy trade network. Results indicate that trade tariff policies have marginal effects on the network. While high import tariffs significantly reduce emissions due to reduced fossil fuel imports in the importing region, this effect does not translate to significant emission reductions as trade policies only impact downstream of the energy supply chain. However, an emission tax dramatically alters the trade network, by (1) reducing its size by up to 50% and (2) forming trade linkages that allow for a more complex and diverse network of suppliers. This diversity under the emissions tax scenario improves the energy security of major energy-importing regions.

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The impact of COVID-19 on the international energy trade network centrality and community structures

Cited by 4 publications

References 11 publications

Interconnectivity disrupted by fading globalization: a network approach to recent international trade developments

Interconnectivity disrupted by fading globalization: a network approach to recent international trade developments

Beyond streets: The role of alleys in Abu Dhabi's and Dubai's network systems

Impacts of Trade Friction and Climate Policy on Global Energy Trade Network

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