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Structural Reorganization of ASEAN Price Transmission Networks: A Network Perspective on Global Shock Propagation

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  • SHIBATA,Tsubasa

Abstract

This study examines structural changes in international price transmission within an ASEAN-centered network using an input–output price framework and network analysis for 2007–2023. The results show that dominant hub roles have weakened and become more dispersed, while the network’s center of gravity has shifted toward East Asia, placing ASEAN economies in more peripheral positions. Although the number of transmission linkages has not fully recovered after global shocks at the network level, link-strength distributions within ASEAN have become more dispersed, indicating that these economies reconnect through a limited set of diversified relationships rather than maximizing linkages. This selective reorganization has important implications for the resilience of regional price systems to international inflationary shocks.

Suggested Citation

  • SHIBATA,Tsubasa, 2026. "Structural Reorganization of ASEAN Price Transmission Networks: A Network Perspective on Global Shock Propagation," IDE Discussion Papers 995, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper995
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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