Gofman, Michael; Carvalho, Vasco - Society for Economic Dynamics - SED - 2012
An emerging literature in macroeconomics has stressed how production networks facilitate the propagation of shocks and affect the aggregate performance of the economy (Carvalho 2010, Acemoglu et. al. 2011, Oberfield 2011). Yet there is no empirical evidence about the structure of large...