Shocks in a highly interlinked global economy:
This report analyses the broad risks associated with sectoral output disruptions both domestically and abroad, examining several exposure metrics. The results indicate that domestic shocks generally have larger sectoral impacts than foreign shocks. In most cases, foreign production disruptions cause...
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| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2024
|
| Series: | OECD Trade Policy Papers
no.283 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This report analyses the broad risks associated with sectoral output disruptions both domestically and abroad, examining several exposure metrics. The results indicate that domestic shocks generally have larger sectoral impacts than foreign shocks. In most cases, foreign production disruptions cause minimal domestic output responses, suggesting that domestic and international linkages, along with economic adjustment mechanisms, tend to dampen rather than amplify foreign shocks. However, a cumulation of adverse shocks can significantly affect specific sectors, with manufacturing sectors are on average much more exposed to foreign output shocks than services and agrifood given their greater internationalisation of output and inputs. Economies with strong backward and forward global value chain links to major foreign economies also tend to be more exposed to foreign shocks. |
| Physical Description: | 1 Online-Ressource (58 Seiten) 21 x 28cm. |
Staff View
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| spelling | Arriola, Christine VerfasserIn aut Shocks in a highly interlinked global economy Christine, Arriola, Przemyslaw, Kowalski and Frank, van Tongeren Paris OECD Publishing 2024 1 Online-Ressource (58 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Trade Policy Papers no.283 This report analyses the broad risks associated with sectoral output disruptions both domestically and abroad, examining several exposure metrics. The results indicate that domestic shocks generally have larger sectoral impacts than foreign shocks. In most cases, foreign production disruptions cause minimal domestic output responses, suggesting that domestic and international linkages, along with economic adjustment mechanisms, tend to dampen rather than amplify foreign shocks. However, a cumulation of adverse shocks can significantly affect specific sectors, with manufacturing sectors are on average much more exposed to foreign output shocks than services and agrifood given their greater internationalisation of output and inputs. Economies with strong backward and forward global value chain links to major foreign economies also tend to be more exposed to foreign shocks. Trade Kowalski, Przemyslaw MitwirkendeR ctb van Tongeren, Frank MitwirkendeR ctb |
| spellingShingle | Arriola, Christine Shocks in a highly interlinked global economy Trade |
| title | Shocks in a highly interlinked global economy |
| title_auth | Shocks in a highly interlinked global economy |
| title_exact_search | Shocks in a highly interlinked global economy |
| title_full | Shocks in a highly interlinked global economy Christine, Arriola, Przemyslaw, Kowalski and Frank, van Tongeren |
| title_fullStr | Shocks in a highly interlinked global economy Christine, Arriola, Przemyslaw, Kowalski and Frank, van Tongeren |
| title_full_unstemmed | Shocks in a highly interlinked global economy Christine, Arriola, Przemyslaw, Kowalski and Frank, van Tongeren |
| title_short | Shocks in a highly interlinked global economy |
| title_sort | shocks in a highly interlinked global economy |
| topic | Trade |
| topic_facet | Trade |
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