Network Effects of International Shocks and Spillovers

Alexei Kireyev () and Andrei Leonidov
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Andrei Leonidov: Lebedev Physics Institute

Networks and Spatial Economics, 2018, vol. 18, issue 4, No 3, 805-836

Abstract: Abstract This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in the crisis country on all other countries. The paper concludes that the network effects in shock spillovers can be substantial, comparable, and often exceed the initial shock. Individual countries may amplify, absorb, or block spillovers. Most developed countries pass-through shocks, whereas low-income countries and oil exporters tend to block shock spillovers. The method is used to study demand shocks originating from a large and medium country, China and Ukraine respectively.

Keywords: Shocks; Economic networks; Spillover; Trade network (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Working Paper: Network Effects of International Shocks and Spillovers (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:netspa:v:18:y:2018:i:4:d:10.1007_s11067-018-9400-7

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DOI: 10.1007/s11067-018-9400-7

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