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Offshoring under Uncertainty
Kohler, Wilhelm; Kukharskyy, Bohdan - 2018
We develop a theoretical framework to explain firms’ offshoring decisions in the presence of uncertainty. This model … sharp prediction of the prevalence of offshoring in a given industry: The propensity of firms to source intermediate inputs … particularly pronounced in industries with higher volatility. Combining industry-level data on the U.S. offshoring intensity with …
Persistent link: https://www.econbiz.de/10011931923
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Cultural Distance, Firm Boundaries, and Global Sourcing
Gorodnichenko, Yuriy; Kukharskyy, Bohdan; Roland, Gérard - 2023
Casual observation suggests that cultural differences play an important role in business transactions, yet systematic evidence on this relationship is scarce. This paper provides a novel investigation of the effect of cultural distance on multinational firms’ decisions to integrate their...
Persistent link: https://www.econbiz.de/10014346366
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Covid-19 Shocking Global Value Chains
Eppinger, Peter; Felbermayr, Gabriel J.; Krebs, Oliver; … - 2020
In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...
Persistent link: https://www.econbiz.de/10012314859
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Decoupling Global Value Chains
Eppinger, Peter; Felbermayr, Gabriel J.; Krebs, Oliver; … - 2021
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10012582142
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Decoupling Global Value Chains
Eppinger, Peter; Felbermayr, Gabriel J.; Krebs, Oliver; … - 2021
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10013227605
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COVID-19 shocking global value chains
Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021
In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...
Persistent link: https://www.econbiz.de/10013315297
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Cultural Distance, Firm Boundaries, and Global Sourcing
Gorodnichenko, Yuriy; Kukharskyy, Bohdan; Roland, Gerard - 2023
Casual observation suggests that cultural differences play an important role in business transactions, yet systematic evidence on this relationship is scarce. This paper provides a novel investigation of the effect of cultural distance on multinational firms' decisions to integrate their...
Persistent link: https://www.econbiz.de/10014377534