MODELLING THE INFLUENCE OF THE UNITED STATES DOLLAR ON THE RESILIENCE OF PRODUCT SPACE NETWORK DURING COVID-19 PANDEMIC
Creators
- 1. College of Mathematics and Computer Science Zhejiang Normal University, 688 Yingbin Ave, Jinhua 321004, China
Description
Abstract: An international trade network system is crucial for developing Countries' Economies. Countries Export products not far from their Product Space Network, as they will require the same technology, skills, and institutions. The exportation of products can be affected by disruptions in the global Economic system, Such as COVID -19 recently. During the pandemic, Country lockdown and Import restriction policies led to a decline in Global products export. There is a requirement to have a resilient system in such a way it would withstand disruptions in the economy. Most studies were done to determine whether the Global trade system is resilient. Determination of critical transition values, which mark the points at which the system will lose or gain resilience, is not well covered yet. In this study, we developed the Lotka-Volterra model to determine critical values for the United States dollar index and proximity Index for four years, from 2018 to 2021. The critical transition values show that the significant effect of the pandemic on the global exportation of products was prominent in the year 2020 compared to the other three years
Keywords: Export; Product space Network; COVID-19; Lotka-Volterra; United states dollar Index (USDX); Proximity Index.
Title: MODELLING THE INFLUENCE OF THE UNITED STATES DOLLAR ON THE RESILIENCE OF PRODUCT SPACE NETWORK DURING COVID-19 PANDEMIC
Author: Herick Laiton Kayange
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
Vol. 10, Issue 3, July 2022 - September 2022
Page No: 210-219
Research Publish Journals
Website: www.researchpublish.com
Published Date: 01-August-2022
DOI: https://doi.org/10.5281/zenodo.6948335
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- Journal article: 2348-3156 (ISSN)
- Journal article: 2348-3164 (ISSN)
- Journal article: https://www.researchpublish.com/papers/modelling-the-influence-of-the-united-states-dollar-on-the-resilience-of-product-space-network-during-covid-19-pandemic (URL)
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