Do Supply Chain Disruptions Matter for Global Economic Conditions

Bibliographic Data

ID21543629
AuthorsWilliam Ginn (0000-0001-7890-3531, Labcorp Durham North Carolina USA, corresponding author), Jamel Saadaoui (0000-0003-1143-4480, IEE, LED University of Paris 8 Saint‐Denis France)
Year2025
Volume48
Issue7
Pages1534-1551
Publication date2025-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueWorld Economy (JOURNAL)
Journal identifiersISSN: 0378-5920 • E-ISSN: 1467-9701
PublisherWiley (PUBLISHER • GB)
DOI10.1111/twec.13713
OpenAlexW4409601711
LanguageEN
Citations received1
References cited61

The COVID‐19 pandemic and its aftermath exposed the vulnerabilities of global supply chains, leading to widespread delays and shortages that highlighted the interconnectedness of economies. This paper examines the global impact of supply chain disruptions on economic conditions, drawing on literature related to economic uncertainty, global economic integration, and the global supply chain disruptions. Using a Bayesian vector autoregression (BVAR) model, we analyse the effect of supply chain shocks. The empirical findings reveal that these disruptions significantly influence global economic stability, particularly through their impact on aggregate inflation and the policy responses that accompany them

Bayesian probability · Bayesian vector autoregression · Business · Economic shortage · Economic stability · Economics · Macroeconomics · Monetary economics · Monetary policy · Supply chain · Supply shock · Vector autoregression · Computer Science · COVID-19 Pandemic Impacts · Market Dynamics and Volatility · Supply Chain Resilience and Risk Management

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