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channels through which a collapse in imports affects productivity. Import demand is non-homothetic and therefore the …-level customs data covering the universe of import transactions during 1996-2008. Though imports collapsed by nearly 70 percent from … implications for productivity depend on the details of individual firm adjustments and cannot be summarized by the change in the …
Persistent link: https://www.econbiz.de/10013127011
We use data on Chinese manufacturing firms to study the connection between individual firm imports and firm export … as instruments. Our regression results show that firms that expanded their intermediate input imports expanded the volume …
Persistent link: https://www.econbiz.de/10013103048
This paper applies a novel empirical approach to characterising the horizontal-ness and vertical-ness of affiliates based on Yeaple's complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates' local sales share while their vertical-ness is measures as their share of...
Persistent link: https://www.econbiz.de/10013106310
industry's imports of each input, relative to its total demand, is the same as the economy-wide imports relative to total …
Persistent link: https://www.econbiz.de/10013108915
The rise of China in world trade has brought both benefits and anxiety to other economies. For many policy questions, it is crucial to know the extent of domestic value added (DVA) in exports, but the computation is more complicated when processing trade is pervasive. We propose a method for...
Persistent link: https://www.econbiz.de/10012759190
We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy. Firms import intermediate inputs from home or...
Persistent link: https://www.econbiz.de/10013057826
Trade in intermediate inputs allows firms to lower their costs of production by using better, cheaper, or novel inputs from abroad. Quantifying the aggregate impact of input trade, however, is challenging. As importing firms differ markedly in how much they buy in foreign markets, results based...
Persistent link: https://www.econbiz.de/10013016654
In recent decades, growth of overall world trade has been driven in large part by the rapid growth of trade in intermediate inputs. Much of this input trade involves multinational firms locating input processing in their foreign affiliates, thereby creating global vertical production networks....
Persistent link: https://www.econbiz.de/10013218078
In Japan, the manufacturing has become geographically dispersed in the 1990s, when the import share has risen after the historic exchange rate appreciation. As is consistent with the interpretation that import penetration undermines regional input-output linkages, our regressions detect the...
Persistent link: https://www.econbiz.de/10013218887
We study unanticipated tariffs on imports of intermediate goods in a setting with firm-to-firm supply relationships … prices with those that pass a reservation level of match productivity. Global supply chains are formed in anticipation of …
Persistent link: https://www.econbiz.de/10013294959