Sensitivity analysis of shock distributions in the world economy.

ABSTRACT: With the ever increasing interconnectedness among countries and industries, globalization has empowered economies and promoted international trade, capital flow and labor mobility, leading to improved products and services. However, the growing interdependence has also propelled an inherent reliance on joint cooperation which has considerably influenced the complexity of global value chains (GVCs). This plays a significant role in policy decisions, raising questions about trade risks that originate from such interdependence. In this paper, we study the impact of network linkage disturbances on the output supply and input demand of countries. We model the network interconnectedness of countries according to the latest 2016 release of the World Input-Output Database (WIOD) that includes data

SUBMITTER: Domazetoski V 

PROVIDER: S-EPMC10615321 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature