<abstract xmlns="http://www.w3.org/1999/xhtml">
<sec><h3>Subject and purpose of work: </h3>
<p>The economic crisis generated by the COVID-19 pandemic was fundamentally different from those of the past, with unforeseen implication on supply chains and European trade. As the literature regarding the pandemic is vast bibliometric techniques were used to find the most influential themes and authors. The aim of this paper is to test if cascading failure is possible when shocks arise in European trade.</p>
</sec>
<sec><h3>Materials and methods: </h3>
<p>To characterise the European commerce, network analysis was employed using Eurostat data of imports and exports in the following years: 2018, 2019 and 2020. Trade value indices were also used to characterised European trade during the pandemic and Enterprise Survey run by World Bank for in-depth, cross economies comparisons.</p>
</sec>
<sec><h3>Results: </h3>
<p>The results from the network analysis characterise the compactness of the network, showing that the European trade network is characterised by robustness.</p>
</sec>
<sec><h3>Conclusions: </h3>
<p>Cascading failure has a low probability of occurrence.</p>
</sec>
</abstract>

Subject and purpose of work: 
The economic crisis generated by the COVID-19 pandemic was fundamentally different from those of the past, with unforeseen implication on supply chains and European trade. As the literature regarding the pandemic is vast bibliometric techniques were used to find the most influential themes and authors. The aim of this paper is to test if cascading failure is possible when shocks arise in European trade.

Materials and methods: 
To characterise the European commerce, network analysis was employed using Eurostat data of imports and exports in the following years: 2018, 2019 and 2020. Trade value indices were also used to characterised European trade during the pandemic and Enterprise Survey run by World Bank for in-depth, cross economies comparisons.

Results: 
The results from the network analysis characterise the compactness of the network, showing that the European trade network is characterised by robustness.

Conclusions: 
Cascading failure has a low probability of occurrence.

Resilience Mechanisms of the European Trade Network During the Pandemic

Department of Economic Informatics and Cybernetics

Faculty of Theoretical and Applied Economy

Faculty of Accounting and Management Economic Systems

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Resilience Mechanisms of the European Trade Network During the Pandemic"}

Subject and purpose of work: 
The economic crisis generated by the COVID-19 pandemic was fundamentally different from those of the past, with unforeseen...

Resilience Mechanisms of the European Trade Network During the Pandemic

Pubblicato online: 12 lug 2023

Pagine: 171 - 185

Ricevuto: 01 apr 2023

Accettato: 01 mag 2023

DOI: https://doi.org/10.2478/ers-2023-0012

Parole chiave
European trade, import, export, network analysis, resilience, robustness

© 2023 Ioana Manafi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Resilience Mechanisms of the European Trade Network During the Pandemic

Pubblicato online: 12 lug 2023

Pagine: 171 - 185

Ricevuto: 01 apr 2023

Accettato: 01 mag 2023

DOI: https://doi.org/10.2478/ers-2023-0012

Parole chiaveEuropean trade, import, export, network analysis, resilience, robustness

© 2023 Ioana Manafi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Parole chiave
European trade, import, export, network analysis, resilience, robustness