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Author:

Ren, Jiaqi (Ren, Jiaqi.) | Xing, Lizhi (Xing, Lizhi.) (Scholars:邢李志) | Han, Yu (Han, Yu.) | Dong, Xianlei (Dong, Xianlei.)

Indexed by:

Scopus SCIE

Abstract:

A nested structure is a structural feature that is conducive to system stability formed by the coevolution of biological species in mutualistic ecosystems The coopetition relationship and value flow between industrial sectors in the global value chain are similar to the mutualistic ecosystem in nature. That is, the global economic system is always changing to form one dynamic equilibrium after another. In this paper, a nestedness-based analytical framework is used to define the generalist and specialist sectors for the purpose of analyzing the changes in the global supply pattern. We study why the global economic system can reach a stable equilibrium, what the role of different sectors play in the steady status, and how to enhance the stability of the global economic system. In detail, the domestic trade network, export trade network and import trade network of each country are extracted. Then, an econometric model is designed to analyze how the microstructure of the production system affects a country's macroeconomic performance.

Keyword:

global economic integration evolutionarily stable equilibrium nestedness global value chain

Author Community:

  • [ 1 ] [Ren, Jiaqi]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 2 ] [Xing, Lizhi]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 3 ] [Han, Yu]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China
  • [ 4 ] [Xing, Lizhi]Beijing Foreign Studies Univ, Int Business Sch, Beijing 100089, Peoples R China
  • [ 5 ] [Dong, Xianlei]Shandong Normal Univ, Business Sch, Jinan 250358, Peoples R China

Reprint Author's Address:

  • 邢李志

    [Xing, Lizhi]Beijing Univ Technol, Coll Econ & Management, Beijing 100124, Peoples R China;;[Xing, Lizhi]Beijing Foreign Studies Univ, Int Business Sch, Beijing 100089, Peoples R China

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Source :

ENTROPY

Year: 2021

Issue: 8

Volume: 23

2 . 7 0 0

JCR@2022

ESI Discipline: PHYSICS;

ESI HC Threshold:72

JCR Journal Grade:2

Cited Count:

WoS CC Cited Count: 1

SCOPUS Cited Count: 3

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 8

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