TY - JOUR
T1 - The Role of the Domestic Market Scale in Enhancing Self-Resilience
T2 - Analysis based on the PageRank centrality of RCEP and G7 Countries
AU - Wang, Lei
AU - Gao, Xinya
AU - Ramsey, Thomas Stephen
AU - Hewings, Geoffrey J.D.
N1 - Publisher Copyright:
© 2023 Institute of East and West Studies, Yonsei University, Seoul.
PY - 2023
Y1 - 2023
N2 - How emerging economies could improve their self-resilience is our focus. This paper employs the hypothetical extraction method, PageRank algorithm and the 2005–2019 Comtrade database to analyse the impacts of domestic market scale on the economy’s resilience in the value chains and conditions under which it is affected. The empirical results show that expanding the scale of the domestic market would significantly improve the economy’s resilience in both the RCEP and G7 value chains. Our conclusions support the enrichment of pathways for economies with relatively backward technologies to cope with unexpected shocks and gradually restore economic vitality.
AB - How emerging economies could improve their self-resilience is our focus. This paper employs the hypothetical extraction method, PageRank algorithm and the 2005–2019 Comtrade database to analyse the impacts of domestic market scale on the economy’s resilience in the value chains and conditions under which it is affected. The empirical results show that expanding the scale of the domestic market would significantly improve the economy’s resilience in both the RCEP and G7 value chains. Our conclusions support the enrichment of pathways for economies with relatively backward technologies to cope with unexpected shocks and gradually restore economic vitality.
KW - Domestic market scale
KW - Global Value Chains
KW - PageRank centrality
KW - RCEP
KW - resilience
UR - http://www.scopus.com/inward/record.url?scp=85160026564&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85160026564&partnerID=8YFLogxK
U2 - 10.1080/1226508X.2023.2215807
DO - 10.1080/1226508X.2023.2215807
M3 - Article
AN - SCOPUS:85160026564
SN - 1226-508X
VL - 52
SP - 134
EP - 166
JO - Global Economic Review
JF - Global Economic Review
IS - 2
ER -