Measure the Global Impact of Industrial Sectors

Lizhi Xing ()
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Lizhi Xing: Beijing University of Technology

Chapter Chapter 5 in Complex Network-Based Global Value Chain Accounting System, 2022, pp 117-139 from Springer

Abstract: Abstract In this chapter, we assume the competitive advantage of nations is equal to the overall performance of its domestic sectors’ impact on the GVC. From the perspective of econophysics, Global Industrial Impact Coefficient (GIIC) is proposed to measure the national competitiveness in gaining information superiority and intermediate interests [1]. Analysis on the GIVCN model yields several insights including the following. First, sectors with higher Random Walk Centrality contribute more to transferring value streams within the global economic system. Second, the Half-Value Ratio can be used to measure the robustness of open-economy macroeconomics in the process of globalization. Third, the positive correlation between GIIC and GDP indicates that the global impact of a country reveals its international competitive advantage.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-9264-2_5

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DOI: 10.1007/978-981-16-9264-2_5

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