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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Nature Portfolio
2019
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oai:doaj.org-article:87036e6d5cb5409db1f49b2493adf6d92021-12-02T16:51:02ZQuantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery10.1038/s41467-019-09357-w2041-1723https://doaj.org/article/87036e6d5cb5409db1f49b2493adf6d92019-04-01T00:00:00Zhttps://doi.org/10.1038/s41467-019-09357-whttps://doaj.org/toc/2041-1723Supply 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.Peter KlimekSebastian PolednaStefan ThurnerNature PortfolioarticleScienceQENNature Communications, Vol 10, Iss 1, Pp 1-9 (2019) |
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Science Q Peter Klimek Sebastian Poledna Stefan Thurner Quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery |
description |
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. |
format |
article |
author |
Peter Klimek Sebastian Poledna Stefan Thurner |
author_facet |
Peter Klimek Sebastian Poledna Stefan Thurner |
author_sort |
Peter Klimek |
title |
Quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery |
title_short |
Quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery |
title_full |
Quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery |
title_fullStr |
Quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery |
title_full_unstemmed |
Quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery |
title_sort |
quantifying economic resilience from input–output susceptibility to improve predictions of economic growth and recovery |
publisher |
Nature Portfolio |
publishDate |
2019 |
url |
https://doaj.org/article/87036e6d5cb5409db1f49b2493adf6d9 |
work_keys_str_mv |
AT peterklimek quantifyingeconomicresiliencefrominputoutputsusceptibilitytoimprovepredictionsofeconomicgrowthandrecovery AT sebastianpoledna quantifyingeconomicresiliencefrominputoutputsusceptibilitytoimprovepredictionsofeconomicgrowthandrecovery AT stefanthurner quantifyingeconomicresiliencefrominputoutputsusceptibilitytoimprovepredictionsofeconomicgrowthandrecovery |
_version_ |
1718382990695858176 |