The Empirics of Macroeconomic Networks: A Critical Review

Giorgio Fagiolo ()

A chapter in Complex Networks and Dynamics, 2016, pp 173-193 from Springer

Abstract: 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.

Keywords: Complex networks; Diffusion of economic shocks; International finance; International migration; International trade; Macroeconomic networks (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-319-40803-3_7

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DOI: 10.1007/978-3-319-40803-3_7

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