This chapter critically surveys the recent empirical literature applying complex-network techniques to the study of macroeconomic dynamics. We focus on three important macroeconomic networks: international trade, finance and migration/ mobility.We discuss both the empirical evidence on the topological properties of these networks and econometric works that identify the impact of network properties on macroeconomic dynamics. Results indicate that a detailed knowledge of macroeconomic networks is necessary to better understand the dynamics of country income, growth and productivity, as well as the diffusion of crises.

The empirics of macroeconomic networks: A critical review

FAGIOLO, Giorgio
2016-01-01

Abstract

This chapter critically surveys the recent empirical literature applying complex-network techniques to the study of macroeconomic dynamics. We focus on three important macroeconomic networks: international trade, finance and migration/ mobility.We discuss both the empirical evidence on the topological properties of these networks and econometric works that identify the impact of network properties on macroeconomic dynamics. Results indicate that a detailed knowledge of macroeconomic networks is necessary to better understand the dynamics of country income, growth and productivity, as well as the diffusion of crises.
2016
978-3-319-40801-9
978-3-319-40803-3
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11382/517331
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