Sectoral networks and macroeconomic tail risks in an emerging economy.
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ABSTRACT:
SUBMITTER: Romero PP
PROVIDER: S-EPMC5749774 | biostudies-literature | 2018
REPOSITORIES: biostudies-literature
Publications
Sectoral networks and macroeconomic tail risks in an emerging economy.
Romero Pedro P PP López Ricardo R Jiménez Carlos C
PloS one 20180102 1
This paper aims to explain the macroeconomic volatility due to microeconomic shocks to one or several sectors, recognizing the non-symmetrical relation in the interaction among the Ecuadorian economic sectors. To grasp the economic structure of this emerging economy, a statistical analysis of network data is applied to the respective input-output matrix of Ecuador from 1975 until 2012. We find periods wherein the production of domestic inputs is concentrated in a few suppliers; for example, in 2 ...[more]
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