Production systems, traditionally analyzed as almost independent national systems, are increasingly connected on a global scale. Only recently becoming available, the World Input-Output Database (WIOD) is one of the first efforts to construct the global multi-regional input-output (GMRIO) tables. By viewing the world input-output system as an interdependent network where the nodes are the individual industries in different economies and the edges are the monetary goods flows between industries, we analyze respectively the global, regional, and local network properties of the so-called world input-output network (WION) and document its evolution over time. At global level, we find that the industries are highly but asymmetrically connected, which implies that micro shocks can lead to macro fluctuations. At regional level, we find that the world production is still operated nationally or at most regionally as the communities detected are either individual economies or geographically well defined regions. Finally, at local level, for each industry we compare the network-based measures with the traditional methods of backward linkages. We find that the network-based measures such as PageRank centrality and community coreness measure can give valuable insights into identifying the key industries.
Linkalab, Complex Systems Computational Laboratory, Cagliari, Italy;Department of Physics, Università degli Studi di Cagliari, Cagliari, Italy;IMT Institute for Advanced Studies Lucca, Lucca, Italy;Linkalab, Complex Systems Computational Laboratory, Cagliari, Italy;IMT Institute for Advanced Studies Lucca, Lucca, Italy;IMT Institute for Advanced Studies Lucca, Lucca, Italy;Department of Managerial Economics, Strategy and Innovation, Katholieke Universiteit Leuven, Leuven, Belgium
Recommended Citation:
Federica Cerina,Zhen Zhu,Alessandro Chessa,et al. World Input-Output Network[J]. PLOS ONE,2015-01-01,10(7)