Evidence map›Paper›PMID 38637519›Full record

ArticleNature communications2024

Inequality in economic shock exposures across the global firm-level supply network.

Abhijit Chakraborty, Tobias Reisch, Christian Diem, Pablo Astudillo-Estévez, Stefan Thurner

Open access · goldAbstract read
In one paragraph

Article in Nature communications, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 3 papers.

0numbers the graph read from it
0cells of the map it votes in
3citing papers in PubMed
8.3field-weighted citation impact, top 3% of its field
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

3 citing papers in PubMed, 17 citations in OpenAlex.

  1. Article
  2. Article
  3. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

5 authors at 4 institutions in 4 countries.

Abhijit Chakraborty *Complexity Science Hub Vienna, Vienna, Austria.ORCID http://orcid.org/0000-0001-5866-1985
Tobias Reisch *Complexity Science Hub Vienna, Vienna, Austria.ORCID http://orcid.org/0000-0002-1219-2893
Christian DiemComplexity Science Hub Vienna, Vienna, Austria.ORCID http://orcid.org/0000-0002-7408-7263
Pablo Astudillo-EstévezComplexity Science Hub Vienna, Vienna, Austria.ORCID http://orcid.org/0000-0003-3508-6273
Stefan ThurnerComplexity Science Hub Vienna, Vienna, Austria. stefan.thurner@meduniwien.ac.at.ORCID http://orcid.org/0000-0003-2495-6819
Complexity Science Hub · ATSanta Fe Institute · USUniversity of Oxford · GBVienna University of Economics and Business · AT

Funding

Austrian Science Fund (Fonds zur Förderung der Wissenschaftlichen Forschung) I 3073-N32Austrian Science Fund FWF I 3073Oesterreichische Nationalbank (Austrian National Bank) P17795 2018-2021
6 · The paper itself

Abstract

For centuries, national economies have been engaging in international trade and production. The resulting international supply networks not only increase wealth for countries, but also allow for economic shocks to propagate across borders. Using global, firm-level supply network data, we estimate a country's exposure to direct and indirect economic losses caused by the failure of a company in another country. We show the network of international systemic risk-flows. We find that rich countries expose poor countries stronger to systemic risk than vice-versa. The risk is highly concentrated, however, higher risk levels are not compensated with a risk premium in GDP levels, nor higher GDP growth. Our findings put the often praised benefits for developing countries from globalized production in a new light, by relating them to risks involved in the production processes. Exposure risks present a new dimension of global inequality that most affects the poor in supply shock crises.

Identifiers

PMID38637519
PMCPMC11026497
OpenAlexW3216952022

What OpenQuestion holds

Textmetadata
LicenceCC BY
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.