Communicability and communities in complex socio-economic networks

Ernesto Estrada, Naomichi Hatano

Research output: Chapter in Book/Report/Conference proceedingChapter

4 Citations (Scopus)

Abstract

The concept of communicability is introduced for complex socio-economic networks. The communicability function expresses how an impact propagates from one place to another in the network. This function is used to define unambiguously the concept of socio-economic community. The concept of temperature in complex socio-economic networks is also introduced as a way of accounting for the external stresses to which such systems are submitted. This external stress can change dramatically the structure of the communities in a network. We analyze here a trade network of countries exporting ‘miscellaneous manufactures of metal.’ We determine the community structure of this network showing that there are 27 communities with diverse degree of overlapping. When only communities with less than 80% of overlap are considered we found five communities which are well characterized in terms of geopolitical relationships. The analysis of external stress on these communities reveals the vulnerability of the trade network in critical situations, i.e., economical crisis. The current approach adds an important tool for the analysis of socio-economic networks in the real world.
Original languageEnglish
Title of host publicationEconophysics Approaches to Large-Scale Business Data and Financial Crisis
EditorsM. Takayasu, T. Watanabe, H. Takayasu
Place of PublicationTokyo
PublisherSpringer
Pages271-288
Number of pages18
ISBN (Print)104431538526
DOIs
Publication statusPublished - 19 May 2010
EventInternational Conference THIC plus APFA7 on New Approaches to the Analysis of Large-Scale Business and Economic Data - Tokyo, Japan
Duration: 1 Mar 20095 Mar 2009

Conference

ConferenceInternational Conference THIC plus APFA7 on New Approaches to the Analysis of Large-Scale Business and Economic Data
CountryJapan
CityTokyo
Period1/03/095/03/09

Keywords

  • complex socioeconomic networks
  • socio-economic community
  • geopolitical relationships
  • trade network

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  • Impacts

    Commercial advantage through computational discovery of dynamic communicators in large digital networks

    Desmond Higham (Participant), Ernesto Estrada (Participant), Peter Grindrod (Participant)

    Impact: Impact - for External PortalEconomic and commerce

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    Cite this

    Estrada, E., & Hatano, N. (2010). Communicability and communities in complex socio-economic networks. In M. Takayasu, T. Watanabe, & H. Takayasu (Eds.), Econophysics Approaches to Large-Scale Business Data and Financial Crisis (pp. 271-288). Tokyo: Springer. https://doi.org/10.1007/978-4-431-53853-0_14