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This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...
Persistent link: https://www.econbiz.de/10013183698
shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined … networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral … of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 …
Persistent link: https://www.econbiz.de/10012837986
In this paper we investigate how supply and demand shocks in one country affect output volatility in other countries. While the evidence for cross-country transmission of demand shocks is mixed, we find that volatile supply in one country leads to larger imports and output volatility in other...
Persistent link: https://www.econbiz.de/10012960182
Persistent link: https://www.econbiz.de/10009755462
export, we use Belgian data with information on both domestic firm-to-firm sales and foreign trade transactions. Our … estimates of firm responses suggest that Belgian firms pass on a large share of a foreign demand shock to their domestic …
Persistent link: https://www.econbiz.de/10013388803
findings suggest that both types of slack resources have an inverted U-shaped relationship with the decision to export. This … negatively influences this likelihood. After controlling for the decision to export, we find no significant relationship between … slack resources and export intensity. Nevertheless, we do find an inverted U-shaped relationship between slack resources and …
Persistent link: https://www.econbiz.de/10011590293
Persistent link: https://www.econbiz.de/10010223559
engaged in international markets, drawing on micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United … export destination country and for firms that trade bundles of services and manufacturing products, than it is for pure …
Persistent link: https://www.econbiz.de/10011779469
Terrorist events typically vary along many dimensions, making it difficult to identify their economic effects. This paper analyzes the impact of terrorism on international trade by examining a series of three large-scale terrorist incidents in France over the period from January 2015 to July...
Persistent link: https://www.econbiz.de/10012519217
bilateral trade between Belgium and its main trading partners. I find that import and export markets have specific dynamics and … react to the uncertainties related to the Brexit referendum, export flows are more sensitive to this event. Consequently, I … the UK in comparison to Belgium's' main neighboring countries. The impact of uncertainties is more pronounced in larger …
Persistent link: https://www.econbiz.de/10012138102