Complex Network-Based Global Value Chain Accounting System: From the Perspective of Econophysics

This book aims to enrich the GVC accounting framework with statistical physics and complex network theory to reveal the evolution of cross-regional and global economic systems.

Format: Hardback
Length: 358 pages
Publication date: 09 February 2022
Publisher: Springer Verlag, Singapore

This book aims to theoretically and empirically enrich the GVC accounting framework with statistical physics and complex network theory from the perspective of econophysics, thus adding to the existing theories. In addition, it also aims to capture the essence of network models such as topological complexity, hierarchy, transmissibility, interaction, and causality and reflect the objective interrelationships among economies or between economies and economic systems on the GVC, so as to reveal the inherent evolution of the cross-regional and even global economic systems.

The theoretical framework of this book is based on the principles of statistical physics and complex network theory, which are used to analyze the complex interdependencies and dynamics of global value chains (GVCs). By integrating these two fields, the book seeks to provide a deeper understanding of the factors that drive economic growth, innovation, and trade in the global economy.

One of the key insights of this book is that GVCs are not merely a collection of interconnected firms and industries, but rather a complex network of relationships and interactions. The book argues that the topological structure of GVCs, which refers to the way in which firms and industries are connected and arranged, plays a crucial role in determining their efficiency, resilience, and vulnerability. For example, a GVC with a highly interconnected network of firms may be more efficient in terms of resource allocation and production, but it may also be more vulnerable to disruptions and shocks.

Another important aspect of this book is the role of hierarchy in GVCs. The book argues that the hierarchical structure of GVCs is influenced by a variety of factors, including geography, technology, and economic power. For example, a GVC that involves a dominant firm in one region and several smaller firms in other regions may be more efficient due to the dominant firm's ability to leverage its resources and expertise. However, this hierarchical structure may also create barriers to entry and limit the ability of smaller firms to compete.

The book also explores the role of transmissibility in GVCs. Transmissibility refers to the ability of information, ideas, and technologies to spread across borders and regions. The book argues that the increasing interconnectedness of the global economy has led to a greater degree of transmissibility, which has facilitated the spread of innovation and knowledge. However, this increased transmissibility may also lead to the spread of negative externalities, such as pollution and climate change.

In addition to these theoretical insights, the book also provides empirical evidence to support its arguments. The book uses a variety of data sources, including trade statistics, firm-level data, and network analysis, to examine the structure and dynamics of GVCs in different industries and regions. The book finds that the topological structure of GVCs is influenced by a variety of factors, including geography, technology, and economic power. The book also finds that the hierarchical structure of GVCs is influenced by a variety of factors, including geography, technology, and economic power. The book also finds that the role of transmissibility in GVCs is influenced by a variety of factors, including geography, technology, and economic power.

Overall, this book provides a valuable contribution to the field of economics and econophysics. By integrating statistical physics and complex network theory with the study of GVCs, the book seeks to provide a deeper understanding of the factors that drive economic growth, innovation, and trade in the global economy. The book's insights and empirical evidence will be of interest to scholars, policymakers, and business professionals alike.

Weight: 729g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811692635
Edition number: 1st ed. 2022