Key sectors in input–output production networks: An application to Brexit

Abstract

This paper presents the first detailed and holistic description of the European production network (EPN) and provides different rankings of the most "systemically important" industries involved in Brexit. Employing techniques of complex networks analysis and input–output traditional tools, the study identifies those industries that are key in the complex structure of the UK‐EU trade relationships. The method developed would help policymakers to better understand which tariff would have a more distortive impact, which export sector should be pushed, which imports should be safeguarded. Such information may have foremost importance in the negotiations between the UK and EU. Our findings suggest that Brexit would be not just a problem for the UK, as it is often portrayed, but any form of Brexit could propagate affecting the global production system.

UK trading patterns within and between regions in the automotive sector—A network analysis

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Monetary policy, crisis and capital centralization in corporate ownership and control networks: A B-Var analysis

“…With respect to the relations between networks and economic policies, network analysis techniques are well suited to explore the direct and indirect effects of policy interventions (Haldane, 2014), as they represent a nonpareil informative tool for the policymaker dealing with macro-prudential regulation (Haldane, 2009;Farmer et al, 2012;Battiston et al, 2016;Gaffeo and Molinari, 2016), trade policy (Gala et al, 2018;Giammetti et al, 2019;Giammetti, 2019), climate policy (Balint et al, 2017;Vega and Mandel, 2018), fiscal policy (Briganti et al, 2018). Furthermore, with respect to the specific field of monetary policy, the Bank of England's chief economist calls for an understanding of the complex international monetary network dynamics as a pre-requisite for effective management of monetary policies (Haldane 2014).…”

Trade Relationships in the European Pork Value Chain: a Network Analysis

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