Relationships between capital flow and economic growth: A network analysis
本文用网络分析方法，研究了2002至2018年65个国家间跨境资本流动的复杂结构，发现GDP大国和离岸金融中心是网络中的关键节点，其邻国通过活跃资本交易获得经济增长，但金融危机时跨境交易会传播破产资本，导致全球经济下滑。
In a network analysis, we analyzed the complex structure of cross-border capital flow across 65 countries from 2002 to 2018 to determine how patterns of capital flow in the global capital network affected economic growth. The results show that countries with large GDPs and offshore financial centers were major nodes with great influence on the global capital network. In addition, considerable growth was observed in the economies of neighboring countries that actively traded capital with the major nodes in the network. However, during the financial crisis, active cross-border trading became a channel of contagious insolvent capital, resulting in a sharp drop in the global economy.