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The asymmetric Brazilian input–output network

Jennifer Gonçalves (Federal University of Santa Catarina, Florianopolis, Brazil)
Raul Matsushita (University of Brasilia, Brasilia, Brazil)
Sergio Da Silva (Federal University of Santa Catarina, Florianópolis, Brazil)

Journal of Economic Studies

ISSN: 0144-3585

Article publication date: 21 July 2020

Issue publication date: 9 April 2021

142

Abstract

Purpose

The authors observed few sectors with many connections and many sectors with few connections, “in the Brazilian input-output network,” which meant that sectoral idiosyncratic shocks may lead to aggregate fluctuations.

Design/methodology/approach

The authors considered the Brazilian input–output tables for the years 2010 and 2015 and found a significant asymmetry in the roles that sectors play as input suppliers to others.

Findings

Generalized Pareto exponents decreased from one period to the other, which suggested that the input–output network has become more vulnerable to shocks.

Practical implications

The authors identified real estate as the most important sector and, given its high connectivity, shocks to it could become a major driver of the Brazilian business cycle.

Originality/value

This is the first paper examining the asymmetric structure of the Brazilian input–output table, and results are compared with those for the US table.

Keywords

Acknowledgements

Funding: Financial support from CNPq, Capes and FAP-DF is acknowledged.

Citation

Gonçalves, J., Matsushita, R. and Da Silva, S. (2021), "The asymmetric Brazilian input–output network", Journal of Economic Studies, Vol. 48 No. 3, pp. 604-615. https://doi.org/10.1108/JES-05-2020-0225

Publisher

:

Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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