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.
View Article and Find Full Text PDFTo estimate the reaction of economies to political interventions or external disturbances, input-output (IO) tables-constructed by aggregating data into industrial sectors-are extensively used. However, economic growth, robustness, and resilience crucially depend on the detailed structure of nonaggregated firm-level production networks (FPNs). Due to nonavailability of data, little is known about how much aggregated sector-based and detailed firm-level-based model predictions differ.
View Article and Find Full Text PDFRemarkably little is known about the structure, formation, and dynamics of supply- and production networks that form one foundation of society. Neither the resilience of these networks is known, nor do we have ways to systematically monitor their ongoing change. Systemic risk contributions of individual companies were hitherto not quantifiable since data on supply networks on the firm-level do not exist with the exception of a very few countries.
View Article and Find Full Text PDFCrises like COVID-19 exposed the fragility of highly interdependent corporate supply networks and the complex production processes depending on them. However, a quantitative assessment of individual companies' impact on the networks' overall production is hitherto non-existent. Based on a unique value added tax dataset, we construct the firm-level production network of an entire country at an unprecedented granularity and present a novel approach for computing the economic systemic risk (ESR) of all firms within the network.
View Article and Find Full Text PDFBehavioral gender differences have been found for a wide range of human activities including the way people communicate, move, provision themselves, or organize leisure activities. Using mobile phone data from 1.2 million devices in Austria (15% of the population) across the first phase of the COVID-19 crisis, we quantify gender-specific patterns of communication intensity, mobility, and circadian rhythms.
View Article and Find Full Text PDFCoherent manipulation of the binary degrees of freedom is at the heart of modern quantum technologies. Graphene offers two binary degrees: the electron spin and the valley. Efficient spin control has been demonstrated in many solid-state systems, whereas exploitation of the valley has only recently been started, albeit without control at the single-electron level.
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