Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Nestedness-Based Measurement of Evolutionarily Stable Equilibrium of Global Production System

Version 1 : Received: 1 July 2021 / Approved: 1 July 2021 / Online: 1 July 2021 (14:20:58 CEST)

How to cite: Ren, J.; Han, Y.; Xing, L.; Dong, X. Nestedness-Based Measurement of Evolutionarily Stable Equilibrium of Global Production System. Preprints 2021, 2021070032 (doi: 10.20944/preprints202107.0032.v1). Ren, J.; Han, Y.; Xing, L.; Dong, X. Nestedness-Based Measurement of Evolutionarily Stable Equilibrium of Global Production System. Preprints 2021, 2021070032 (doi: 10.20944/preprints202107.0032.v1).

Abstract

Nested structure is a structural feature that is conducive to system stability formed by the co-evolution of species in mutualistic ecosystems, and reflects the ability of ecosystem stability to be restored to a stable state again after being destroyed. The co-opetition relationship and value flow between industrial sectors in the global value chain are similar to the mutualistic ecosystem, and the pattern of the global economic system is always changing in dynamic equilibrium. Nestedness theory is used in this article to define the generalist and specialist sectors in the global value chain to analyze the changes in the global supply pattern. Then we study the mechanism of the global economic system to reach a stable equilibrium and the role of different sectors in the steady of the economic system, so as to provide countermeasures for enhancing the stability of the global economic system. At the end of the article, the domestic trade network, export trade network and import trade network of each country are extracted, and an econometric model is designed to analyze how the microstructure of the production system affects a country’s macroeconomic performance, thereby deriving the conclusion that the stability of the international trade network is crucial to a country's economic development.

Subject Areas

global value chain; global economic integration; nestedness; evolutionarily stable equilibrium

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