Dhyne, Emmanuel; Kikkawa, Ayumu Ken; Komatsu, Toshiaki; … - National Bureau of Economic Research - 2022
We quantify and explain the firm responses and worker impacts of foreign demand shocks to domestic production networks … estimates of firm responses suggest that Belgian firms pass on a large share of a foreign demand shock to their domestic … in foreign demand propagate through a small open economy and affect firms and workers. Our results suggest that the way …
