In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented …

This paper investigates how economic shocks propagate and amplify through the input-output network connecting … this case, we also find that: (i) the more a sector is globally central in the country network, the largest its impact; (ii …

We show that in general trading networks with bilateral contracts, a suitably adapted chain stability concept … (Ostrovsky, 2008) is equivalent to stability (Hatfield and Kominers, 2012; Hatfield et al., 2013) if all agents' preferences are …