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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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Abstract

Using the United Nations COMTRADE database (United Nations Commodity Trade Statistics Database, http://comtrade.un.org/db/ (accessed January 2019)) we apply the reduced Google matrix (REGOMAX) algorithm to analyze the multiproduct world trade in years 2004–2016. Our approach allows determining 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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Authors and Affiliations

  1. Institut UTINAM, OSU THETA, Université de Bourgogne Franche-Comté, CNRS, Besançon, France

    Célestin Coquidé & José Lages

  2. Departamento de Física Teórica, GIyA, CNEA, Av. Libertador 8250, (C1429BNP), Buenos Aires, Argentina

    Leonardo Ermann

  3. Laboratoire de Physique Théorique, IRSAMC, Université de Toulouse, CNRS, UPS, 31062, Toulouse, France

    Dima L. Shepelyansky

Authors
  1. Célestin Coquidé
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  2. Leonardo Ermann
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  3. José Lages
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  4. Dima L. Shepelyansky
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Corresponding author

Correspondence to Dima L. Shepelyansky.

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Coquidé, C., Ermann, L., Lages, J. et al. Influence of petroleum and gas trade on EU economies from the reduced Google matrix analysis of UN COMTRADE data. Eur. Phys. J. B 92, 171 (2019). https://doi.org/10.1140/epjb/e2019-100132-6

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  • DOI: https://doi.org/10.1140/epjb/e2019-100132-6

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