Linking FDI and trade network topology with the COVID-19 pandemic

被引:2
作者
Antonietti, Roberto [1 ]
De Masi, Giulia [2 ,3 ]
Ricchiuti, Giorgio [4 ,5 ]
机构
[1] Univ Padua, Marco Fanno Dept Econ & Management, Via St 33, I-35123 Padua, Italy
[2] Technol Innovat Inst, ARRC, Abu Dhabi, U Arab Emirates
[3] Khalifa Univ, Abu Dhabi, U Arab Emirates
[4] Univ Florence, Dept Econ & Management DISEI, Via Pandette 32, I-50127 Florence, Italy
[5] Univ Cattolica Sacro Cuore, Complex Lab Econ CLE, Milan, Italy
关键词
Foreign direct investment; International trade; Network centrality; COVID-19; Globalization; SYSTEMIC RISK; STRATEGIES;
D O I
10.1007/s11403-023-00393-w
中图分类号
F [经济];
学科分类号
02 ;
摘要
Globalization has considerably increased the movement of people and goods around the world, which constitutes a key channel of viral infection. Increasingly close economic links between countries speeds up the transfer of goods and information, and the knock-on effect of economic crises, but also the transmission of diseases. Foreign direct investment (FDI) and trade establish clear ties between countries of origin and destination, and it is along these chains that contagious phenomena can unfold. In this paper, we investigate whether countries' centrality in both global production and trade network corresponds to higher COVID-19 infection and mortality rates. Merging data on EU-27 greenfield FDI and international trade with data on COVID-19 infections and deaths, we find that countries mostly exposed to the COVID-19 outbreak are those characterized by a higher eigenvector centrality. This result is robust to the use of an alternative measure of network centrality and to the inclusion of other possible confounding factors.
引用
收藏
页码:807 / 833
页数:27
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