Recent economic disruptions have underscored the urgent need to understand the structure and dynamics of supply- and value-chains. Yet, empirical characterization remains hin- dered by data scarcity and aggregation biases. This disser- tation addresses these challenges through a series of studies that apply concepts from network theory, statistical physics and machine learning. It begins with an analysis of the global automotive supply-chain, aimed at assessing the statistical significance of the observed structural patterns, by employ- ing a null model belonging to the Exponential Random Graphs (ERGs) family. The results reveal a complementarity-driven organization and distinct geographical patterns across the net- work. The focus, then, shifts to the Ecuadorian production network, on which different ERG-like reconstruction models are evaluated in terms of their ability to recover firm-level systemic risk profiles. The results highlight the minimal amount of information required to conduct reliable stress-tests on na- tional production networks. The dissertation next introduces a granular, product-level value-chain constructed from firm- level data and examines its hierarchical organization. This structure is used to characterize countries’ imports and ex- ports, shedding light on industrial capabilities, specialization patterns and growth potential. The final contribution bridges Economic Complexity with interpretable machine learning by proposing the Feature Importance Product Space (FIPS), a predictive framework that surpasses traditional network approaches in forecasting export diversification, while main- taining transparency and interpretability in its predictions.
Structure and dynamics of economic networks across scales
Massimiliano Fessina
2025
Abstract
Recent economic disruptions have underscored the urgent need to understand the structure and dynamics of supply- and value-chains. Yet, empirical characterization remains hin- dered by data scarcity and aggregation biases. This disser- tation addresses these challenges through a series of studies that apply concepts from network theory, statistical physics and machine learning. It begins with an analysis of the global automotive supply-chain, aimed at assessing the statistical significance of the observed structural patterns, by employ- ing a null model belonging to the Exponential Random Graphs (ERGs) family. The results reveal a complementarity-driven organization and distinct geographical patterns across the net- work. The focus, then, shifts to the Ecuadorian production network, on which different ERG-like reconstruction models are evaluated in terms of their ability to recover firm-level systemic risk profiles. The results highlight the minimal amount of information required to conduct reliable stress-tests on na- tional production networks. The dissertation next introduces a granular, product-level value-chain constructed from firm- level data and examines its hierarchical organization. This structure is used to characterize countries’ imports and ex- ports, shedding light on industrial capabilities, specialization patterns and growth potential. The final contribution bridges Economic Complexity with interpretable machine learning by proposing the Feature Importance Product Space (FIPS), a predictive framework that surpasses traditional network approaches in forecasting export diversification, while main- taining transparency and interpretability in its predictions.| File | Dimensione | Formato | |
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