Production Networks and Economic Policy

Julien Sauvagnat and Basile Grassi

No 13953, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: In this paper, we show how to combine data on input-output tables and recent insights from the theory of production networks in order to inform policy. We first describe the information contained in input-output tables compiled by statistical agencies, and show how to derive relevant statistics of production networks. We then discuss the implications of production networks for policy intervention in a series of domains, such as fiscal policy, industrial policy, or, finance. Finally, we present a quantitative exercise applied to French data in order to illustrate that production networks shape the overall impact of competition policy on the economy.

Keywords: Production network; Input-output; Inefficiencies; Policy; Fiscal policy; Industrial policy; Finance; Industrial organisation (search for similar items in EconPapers)
JEL-codes: E23 L13 L14 (search for similar items in EconPapers)
Date: 2019-08
New Economics Papers: this item is included in nep-hme
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Citations: View citations in EconPapers (14)

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