The world’s economic geography: evidence from the world input–output table

Elvio Mattioli () and Giuseppe Ricciardo Lamonica
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Elvio Mattioli: Università Politecnica delle Marche

Empirical Economics, 2016, vol. 50, issue 3, No 1, 697-728

Abstract: Abstract The principal aim of this paper was to analyse the world’s economic structure, the degree of interaction between the economic systems of countries, and its temporal evolution. The analysis is carried out on the basis of the world input–output table for the period between 1995 and 2011 and using a functional approach able to detect the intensity of the direct and indirect links among the countries considered. The purpose was therefore to identify, on the one hand, the most important economic systems and, on the other hand, those attracted by the former. The main results obtained show a high degree of globalization of local economic systems and the growing role of the German economy in Europe and the Chinese economy in Asia.

Keywords: World’s economic structure; Input–output analysis; Markov finite chain; Mean time; First passage (search for similar items in EconPapers)
JEL-codes: C38 C67 D57 F15 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s00181-015-0962-7

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