Network analysis of global value chain and coping with international risk transmision
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F740

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    Abstract:

    In a nevolving globalized production environment, how does every country avoid the external shock while sharing the benefits through participating in international division of labor? Some new insights might be obtained if it is studied from the perspective of value chain trade network that a country has with other countries. Based on world input-output data from 2000-2014, this paper finds global value chain trade network has some complex net work properties such as"small-world phenomenon" and "scale-free characteristics", and that the evolution of this whole network is agradual process. Then, the paper concludes that a country can increase its importance in the global value chain trade network by strengthening its intensity and extensity features, to weaken the impact from external shock. Finally, this paper verifies the above conclusions from both import (input) and export (output) directions: A country can increase the number of trade partners both upstream and downstream and reduce their trade intensity distribution concentration to make the world trade development layout broad and even, to weaken the shock of internal and external risk transmission and to increase the robustness of global value chain trade network.

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  • Online: October 25,2021
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