The asymmetric Brazilian input–output network
Purpose: The authors observed few sectors with many connections and many sectors with few connections, “in the Brazilian input-output network,” which meant that sectoral idiosyncratic shocks may lead to aggregate fluctuations. Design/methodology/approach: The authors considered the Brazilian input–output tables for the years 2010 and 2015 and found a significant asymmetry in the roles that sectors play as input suppliers to others. Findings: Generalized Pareto exponents decreased from one period to the other, which suggested that the input–output network has become more vulnerable to shocks. Practical implications: The authors identified real estate as the most important sector and, given its high connectivity, shocks to it could become a major driver of the Brazilian business cycle. Originality/value: This is the first paper examining the asymmetric structure of the Brazilian input–output table, and results are compared with those for the US table.
Year of publication: |
2020
|
---|---|
Authors: | Gonçalves, Jennifer ; Matsushita, Raul ; Da Silva, Sergio |
Published in: |
Journal of Economic Studies. - Emerald, ISSN 0144-3585, ZDB-ID 1480042-1. - Vol. 48.2020, 3 (21.07.), p. 604-615
|
Publisher: |
Emerald |
Saved in:
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