Yang, Chao; Zhao, Yajun - In: International studies of economics 18 (2023) 3, pp. 277-305
In the recent literature, increasing attention has been paid to cases when the shocks to a small number of firms would lead to large volatility in many sectors. Theorists find that supply chains play a role, as the shocks to a firm or a sector may propagate through the input–output linkages...