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This paper argues that in the presence of intersectoral input-output linkages, microeconomic idiosyncratic shocks may lead to aggregate fluctuations. In particular, it shows that, as the economy becomes more disaggregated, the rate at which aggregate volatility decays is determined by the...
Persistent link: https://www.econbiz.de/10009489113
This paper argues that, in the presence of intersectoral input–output linkages, microeconomic idiosyncratic shocks may lead to aggregate fluctuations. We show that, as the economy becomes more disaggregated, the rate at which aggregate volatility decays is determined by the structure of the...
Persistent link: https://www.econbiz.de/10014042387
Supply chain disturbances can lead to substantial increases in production costs. To mitigate these risks, firms may take steps to reduce their reliance on volatile suppliers. We construct a model of endogenous network formation to investigate how these decisions affect the structure of the...
Persistent link: https://www.econbiz.de/10013324402
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and relation with networks/clusters/associations. The chapter presents main motivators perceived on energy efficiency … searching a new place on the changing market, SMEs access energy efficiency clusters to be more environmentally friendly and to … initiatives and joining energy clusters by Polish SMEs based on the results of the survey conducted in Poland in December 2017 and …
Persistent link: https://www.econbiz.de/10012793752