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Networks and economic policy

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Article

Elliott, Matthew L. ; Goyal, Sanjeev ; Teytelboym, Alexander

Oxford Review of Economic Policy

2019

35

4

Winter

565-585

economic policy ; social network

international

Economic development

https://doi.org/10.1093/oxrep/grz024

English

Bibliogr.

"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."

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