An empirical analysis of the global input-output network and its evolution

@inproceedings{Grazzini2015AnEA,
  title={An empirical analysis of the global input-output network and its evolution},
  author={Jakob Grazzini and Alessandro Spelta},
  year={2015}
}
Data, without a model, are just numbers. The analysis of networks in economics should take into account how economic agents react to exogenous shocks. In order to determine the centrality of a node in the global input-output network, we analyze the network through the lenses of an economic model calibrated on empirical data. We show that formalizing the nodes as firms, and modeling the links as the result of firms’ behavior (trade), is important for the economic interpretation of the network… CONTINUE READING

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