We are delighted to announce that with effect from the 1st of October 2022, Professorships (Grade 12) will be established for, Janeway Institute Networks Theme Coordinator, Matt Elliott, as well as, Sriya Iyer and Debopam Battacharya. From the same date Chris Rauh, a former Cambridge-INET Postdoctoral Fellow, has been promoted to Professor grade 11.
The paper uses economic models to test networks’ robustness to external shocks or attacks
Professor Carvalho's research is detailed in the article, examining the impact on the affected areas from the ripple effects which occur along supply chains. It finds that the latter accounted for more than half the hit to Japanese growth.
The article then details research which Professor Elliott's paper shows, that firms often look at a business case to invest in the robustness of their supply chains. However, these companies sometimes fail ensure the resilience of the wider network, because they do not stand to reap the rewards from such investment.
Related papers:
From Micro to Macro via Production Networks, Carvalho, V. (2014) Journal of Economic Perspectives, 28, no. 4.
The world has recently experienced a cascade of supply-chain disruptions, and further disruptions are likely to impact consumers this Christmas, with widespread shortages emerging around the world.
New research co-authored by Professor Vasco Carvalho, uncovers the role of complex and lengthening supply chains play in propagating the impact of disruptions brought about by local disturbances, such as natural disasters, terrorist attacks or localized shutdowns.