Quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery
Supply demand equilibria in modern macroeconomic theories do not hold during recessionary shocks. Here the authors developed a non-equilibrium theory for the susceptibility of industrial sectors to shocks and showed these susceptibilities vary across countries, sectors and time and full economic rec...
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| Autores principales: | , , |
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| Formato: | article |
| Lenguaje: | EN |
| Publicado: |
Nature Portfolio
2019
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| Materias: | |
| Acceso en línea: | https://doaj.org/article/87036e6d5cb5409db1f49b2493adf6d9 |
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| Sumario: | Supply demand equilibria in modern macroeconomic theories do not hold during recessionary shocks. Here the authors developed a non-equilibrium theory for the susceptibility of industrial sectors to shocks and showed these susceptibilities vary across countries, sectors and time and full economic recovery may take six to ten years. |
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