Dresden 2017 – scientific programme

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SOE: Fachverband Physik sozio-ökonomischer Systeme

SOE 6: Poster

SOE 6.11: Poster

Monday, March 20, 2017, 17:00–20:00, P2-OG4

Impacts of Regional Trade Agreements on the flow of goods and money in the world economy — Julian Maluck and •Reik V. Donner — Potsdam Institute for Climate Impact Research, Germany

Free trade agreements have received rising attention within the last decades, with trade deals having been negotiated at an increasing pace. Multi-regional input-output (MRIO) tables allow for a concise analysis of trade relations between industries both at a national and international level. By evaluating an industry’s dependency on its consuming and supplying industries from MRIO data, we construct two flow networks of goods and money, respectively. We present how flow networks can be utilized to quantify impacts of various Regional Trade Agreements by methods from complex network theory. Next to a comprehensive overview of these impacts, our results provide the basis for further detailed studies on the implications of specific design patterns within trade agreements.