This article reviews the literature on production networks in macroeconomics. It presents the
theoretical foundations for the role of input–output linkages as a shock propagation channel …

Many firms, banks, or other economic agents embedded in a network of codependencies
may experience a contemporaneous, sharp drop in functionality or productivity following a …

Based on the perspective of industrial agglomeration, this paper employs a dynamic panel
model and mediating effects model to investigate the impact of digital economy's …

This paper argues that, in the presence of intersectoral input–output linkages,
microeconomic idiosyncratic shocks may lead to aggregate fluctuations. We show that, as …

We develop a tractable model of endogenous production networks. Each one of a number of
products can be produced by combining labor and an endogenous subset of the other …

How does an economy's production structure determine its macroeconomic response to
sectoral distortions? We study a static, multisector framework in which production is …

I study the impact of industrial policy on industrial development by considering a canonical
intervention. Following a political crisis, South Korea dramatically altered its development …

What explains the enormous differences in incomes across countries? This paper returns to
two old ideas: linkages and complementarity. First, linkages between firms through …

One of the most important developments in the growth literature of the last decade is the
enhanced appreciation of the role that the misallocation of resources plays in helping us …

Individual producers exhibit enormous heterogeneity in many dimensions. This paper
develops a theory in which the network structure of production—who buys inputs from whom …