Production Networks: A Primer

Posted: 4 Sep 2019

See all articles by Alireza Tahbaz-Salehi

Alireza Tahbaz-Salehi

Northwestern University - Kellogg School of Management

Vasco M. Carvalho

Universitat Pompeu Fabra/CREI; Centre for Economic Policy Research (CEPR); University of Cambridge

Multiple version iconThere are 2 versions of this paper

Date Written: August 2019

Abstract

This article reviews the literature on production networks in macroeconomics. It presents the theoretical foundations for the role of input–output linkages as a shock propagation channel and as a mechanism for transforming microeconomic shocks into macroeconomic fluctuations. The article also provides a brief guide to the growing literature that explores these themes empirically and quantitatively.

Suggested Citation

Tahbaz-Salehi, Alireza and Carvalho, Vasco M., Production Networks: A Primer (August 2019). Annual Review of Economics, Vol. 11, pp. 635-663, 2019. Available at SSRN: https://ssrn.com/abstract=3445896 or http://dx.doi.org/10.1146/annurev-economics-080218-030212

Alireza Tahbaz-Salehi (Contact Author)

Northwestern University - Kellogg School of Management ( email )

2001 Sheridan Road
Evanston, IL 60208
United States

Vasco M. Carvalho

Universitat Pompeu Fabra/CREI ( email )

Ramon Trias Fargas, 25-27
Barcelona, 08005
Spain

HOME PAGE: http://www.crei.cat/people/carvalho/welcome.html

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

University of Cambridge ( email )

Trinity Ln
Cambridge, CB2 1TN
United Kingdom

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