The gradual evolution of buyer–seller networks and their role in aggregate fluctuations

Autor: Ryohei Hisano, Tsutomu Watanabe, Takayuki Mizuno, Takaaki Ohnishi, Didier Sornette
Jazyk: angličtina
Rok vydání: 2017
Předmět:
Zdroj: Applied Network Science, Vol 2, Iss 1, Pp 1-15 (2017)
Druh dokumentu: article
ISSN: 2364-8228
DOI: 10.1007/s41109-017-0030-7
Popis: Abstract Buyer–seller relationships among firms can be regarded as a longitudinal network in which the connectivity pattern evolves as each firm receives productivity shocks. Based on a data set describing the evolution of buyer–seller links among 55,608 firms over a decade and structural equation modeling, we find some evidence that interfirm networks evolve reflecting a firm’s local decisions to mitigate adverse effects from neighbor firms through interfirm linkage, while enjoying positive effects from them. As a result, link renewal tends to have a positive impact on the growth rates of firms. We also investigate the role of networks in aggregate fluctuations.
Databáze: Directory of Open Access Journals