This project is part of a collaboration between researchers from the Macedonian Academy of Sciences and Arts, the Faculty of Computer Science & Engineering at the Ss. Cyril and Methodius University in Skopje and Boston University.
The purpose of the project is to model the network interconnectedness of countries according to the latest 2016 release of the World Input–Output Database (WIOD) and assess the shock distributions across the world economy by quantifying the changes in the network linkages using sensitivity analysis. We introduce a shock matrix which can be used to evaluate the impact of link sensitivity and can be used to obtain results at various levels of granularity. Taking advantage of the time-series nature of the WIOD, our results reveal illustrative visualizations that characterize patterns of shock distribution and relationships among countries throughout the period from 2000 to 2014.
The code is available as Jupyter notebooks. The easiest way to use the notebooks is to upload them to and run them in Google Colab. The notebooks contain imports of the necessary Python libraries. There are no dependencies and no additional modules or libraries need to be installed. The notebooks have also been tested with a local installation of Anaconda.
- Viktor Domazetoski
- Maryan Rizinski
- Dimitar Trajanov
- Ljupco Kocarev
Apache License 2.0
If you use this project in your research, we would appreciate a citation to the following paper:
@article{domazetoski2023sensitivity,
title={Sensitivity analysis of shock distributions in the world economy},
author={Domazetoski, Viktor and Rizinski, Maryan and Trajanov, Dimitar and Kocarev, Ljupco},
journal={Plos one},
volume={18},
number={10},
pages={e0293524},
year={2023},
publisher={Public Library of Science San Francisco, CA USA}
}