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Article
The Asymmetric Brazilian Input–Output Network
Journal of Economic Studies (2021)
  • Jennifer Gonçalves, Federal University of Santa Catarina
  • Raul Matsushita, University of Brasilia
  • Sergio Da Silva, Federal University of Santa Catarina
Abstract
We consider the Brazilian input-output tables for the years 2010 and 2015 and find a significant asymmetry in the roles that sectors play as input suppliers to others. We observe few sectors with many connections and many sectors with few connections, which means sectoral idiosyncratic shocks may lead to aggregate fluctuations. Generalized Pareto exponents decrease from one period to the other, which suggests the input-output network has become more vulnerable to shocks. We identify real estate as the most important sector and, given its high connectivity, shocks to it can become a major driver of the Brazilian business cycle.
Keywords
  • Business cycle,
  • Input-output matrix,
  • Network analysis,
  • Generalized Pareto curve
Disciplines
Publication Date
2021
DOI
https://doi.org/10.1108/JES-05-2020-0225
Citation Information
Jennifer Gonçalves, Raul Matsushita and Sergio Da Silva. "The Asymmetric Brazilian Input–Output Network" Journal of Economic Studies Vol. 48 Iss. 3 (2021) p. 604 - 615 ISSN: 0144-3585
Available at: http://works.bepress.com/sergiodasilva/213/