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Networks and economic policy
- Source :
- Oxford Review of Economic Policy
-
Abstract
- Over the past two decades, economists have made significant advances in understanding how networks affect individual behaviour and shape aggregate outcomes. We argue that insights from network economics can play an important role in the design of economic policy. Focusing on six policy domains, we show that network economics not only deepens our understanding of existing policy concerns but also suggests a number of new policy questions. In each of these policy areas, we evaluate the availability of data and assess the suitability of the network economics toolkit for policy work. We conclude with a discussion of challenges to the adoption of network-based methods in economic policy along with strategies to overcome them.
- Subjects :
- Economics and Econometrics
Financial networks
Economic policy
4 Quality Education
05 social sciences
38 Economics
Management, Monitoring, Policy and Law
Affect (psychology)
Network economics
Professional networks
Work (electrical)
0502 economics and business
8.3 Policy, ethics, and research governance
Economics
3803 Economic Theory
050207 economics
8 Health and social care services research
050205 econometrics
8.2 Health and welfare economics
Subjects
Details
- Language :
- English
- ISSN :
- 14602121 and 0266903X
- Volume :
- 35
- Issue :
- 4
- Database :
- OpenAIRE
- Journal :
- Oxford Review of Economic Policy
- Accession number :
- edsair.doi.dedup.....f44dcaec8921423ad835969add4abc3b
- Full Text :
- https://doi.org/10.1093/oxrep/grz024