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Covid-19 and Digitalization: Network Analysis On Industrial Robots Trade Among The Bri Countries

Author

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  • Semanur Soyyiğit
  • Ercan Eren

Abstract

The pandemic indicates that the use of digital technologies is going to become more important hereafter. In such a world where countries need to take action to shape their future in accordance with this ‘new normal’, the policies followed by countries in high technological sectors will be determinative on their positions within global value chains in the future. Based on this, international trade of industrial robots among the Belt and Road Initiative members is analyzed via complex network tools in the present study. The empirical results indicated that the international trade network of industrial robots has complex system properties such as power-law distribution, disassortativity, core-periphery structure etc. The results also revealed that developing members of the Initiative may exploit export hubs of the network, namely South Korea, Singapore, Austria and Italy in order to digitalize their economies in the short-term.

Suggested Citation

  • Semanur Soyyiğit & Ercan Eren, 2020. "Covid-19 and Digitalization: Network Analysis On Industrial Robots Trade Among The Bri Countries," Yildiz Social Science Review, Yildiz Technical University, vol. 6(2), pages 99-118.
    • Handle: RePEc:aye:journl:v:6:y:2020:i:2:p:99-118
    DOI: 10.51803/yssr.822506
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    1. R Maria del Rio-Chanona & Penny Mealy & Anton Pichler & François Lafond & J Doyne Farmer, 2020. "Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 36(Supplemen), pages 94-137.
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    More about this item

    Keywords

    Complex Network Analysis; Covid-19; International Trade; Industrial Robots; DigitalizationJournal: Yildiz Social Science Review;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General
    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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