While sudden shocks are easily noticed, there are also less staggering changes that spread over decades but have fundamental economic impacts. We focus on modeling such a long-term and wide-ranging structural change envisaged for the Saudi economy in an innovative way. We apply the input-output...

In this paper we propose a novel sectoral taxonomy integrating three different attributes of sectors, namely i) the strategic dimension reflected into their belonging to different classes of the Pavitt taxonomy, ii) the capacity to create jobs both internally and externally with respect to their...

This paper builds on existing production network models to study the impact of global and sub-global carbon pricing. It uses the World Input-Output Database (WIOD) to calibrate intersectoral trade between seven regions and 56 economic sectors per region as well as EXIOBASE’s sectoral accounts...

We quantify the effects of changes in international input-output linkages on the nature of business cycles. We build a multi-country international business cycle model with manufacturing and non-manufacturing sectors that matches the input-output structure within and across countries. We find...