ISSN: 2247-6172; ISSN-L: 2247-6172 Review <strong>of</strong> Applied Socio- Economic Research (Volume 5, Issue 1/ 2013 ), pp. 188 URL: http://www.reaser.eu e-mail: editors@reaser.eu [19] Eryigit, M. <strong>and</strong> R. Eryigit, Network structure <strong>of</strong> cross-correlations among <strong>the</strong> world market <strong>in</strong>dices, Physica A: Statistical Mechanics <strong>and</strong> its Applications, 388 (2009), pp. 3551-3562. [20] Freeman, L. C., A set <strong>of</strong> measures <strong>of</strong> centrality based on betweenness, Sociometry (1977), pp. 35-41. [21] Gilmore, C. G., B. M. Lucey <strong>and</strong> M. Boscia, An ever-closer union? 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Lillo <strong>and</strong> R. N. Mantegna, Correlation, hierarchies, <strong>and</strong> networks <strong>in</strong> f<strong>in</strong>ancial markets, Journal <strong>of</strong> Economic Behavior & Organization, 75 (2010), pp. 40-58. 8. Appendix: Data source <strong>and</strong> classification The data series are obta<strong>in</strong>ed from <strong>the</strong> Total Economy Database <strong>of</strong> <strong>the</strong> University <strong>of</strong> Grön<strong>in</strong>gen, which updated <strong>the</strong> database <strong>of</strong> Angus (2003). I followed <strong>the</strong> International Monetary Fund (IMF) classification procedure as <strong>of</strong> April 2012 7 . This classification is not based on strict criteria, economic or o<strong>the</strong>rwise, <strong>and</strong> it has evolved over time. The term “Economy” does not always refer to a territorial entity that is a state as understood by <strong>in</strong>ternational law <strong>and</strong> practice. Some territorial entities <strong>in</strong>cluded <strong>in</strong> this study are not states, although <strong>the</strong>ir statistical data are ma<strong>in</strong>ta<strong>in</strong>ed by IMF on a separate <strong>and</strong> <strong>in</strong>dependent basis. Advanced economies: Australia, Austria, Belgium, Canada, Cyprus, Czechoslovakia 8 , Denmark, F<strong>in</strong>l<strong>and</strong>, France, Germany, Greece, Hong Kong 9 , Icel<strong>and</strong>, Irel<strong>and</strong>, Israel, Italy, Japan, Luxembourg, Malta, <strong>the</strong> Ne<strong>the</strong>rl<strong>and</strong>s, New 7 http://www.imf.org/external/pubs/ft/weo/2012/01/pdf/text.pdf 8 From 1991 onwards, economy composed <strong>of</strong> successor states <strong>of</strong> Czechoslovakia: Czech Republic <strong>and</strong> Slovakia. 9 On July 1, 1997, Hong Kong was returned to <strong>the</strong> People’s Republic <strong>of</strong> Ch<strong>in</strong>a <strong>and</strong> became a Special Adm<strong>in</strong>istrative Region <strong>of</strong> Ch<strong>in</strong>a.
ISSN: 2247-6172; ISSN-L: 2247-6172 Review <strong>of</strong> Applied Socio- Economic Research (Volume 5, Issue 1/ 2013 ), pp. 189 URL: http://www.reaser.eu e-mail: editors@reaser.eu Zeal<strong>and</strong>, Norway, Portugal, S<strong>in</strong>gapore, South Korea, Spa<strong>in</strong>, Sweden, Switzerl<strong>and</strong>, Taiwan Prov<strong>in</strong>ce <strong>of</strong> Ch<strong>in</strong>a, United K<strong>in</strong>gdom <strong>and</strong> United States. Emergent market economies: Argent<strong>in</strong>a, Brazil, Bulgaria, Chile, People’s Republic <strong>of</strong> Ch<strong>in</strong>a, Hungary, India, Indonesia, Malaysia, Mexico, Pakistan, Peru, Philipp<strong>in</strong>es, Pol<strong>and</strong>, Romania, South Africa, Thail<strong>and</strong>, Turkey, USSR 10 <strong>and</strong> Venezuela. Develop<strong>in</strong>g economies: Albania, Algeria, Angola, Bahra<strong>in</strong>, Bangladesh, Bolivia, Burk<strong>in</strong>a Faso, Cambodia, Cameroon, Colombia, Costa Rica, Côte d’Ivoire, Dom<strong>in</strong>ican Republic, DR Congo, Ecuador, Egypt, Ethiopia, Ghana, Guatemala, Iran, Iraq, Jamaica, Jordan, Kenya, Kuwait, Madagascar, Malawi, Mali, Morocco, Mozambique, Myanmar, Niger, Nigeria, Oman, Qatar, Saudi Arabia, Senegal, Sri Lanka, Sudan, Syria, Tanzania, Tr<strong>in</strong>idad Tobago, Tunisia, UA Emirates, Ug<strong>and</strong>a, Uruguay, Vietnam, Yemen, Yugoslavia, Zambia <strong>and</strong> Zimbabwe. 10 From 1991 onwards, economy composed <strong>of</strong> successor republics <strong>of</strong> USSR: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russian Federation, Tajikistan, Turkmenistan, Ukra<strong>in</strong>e <strong>and</strong> Uzbekistan.
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