| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9089 |
| DP9089 Time to ship during financial crises | |
| Philippe Martin; Thierry Mayer; José De Sousa; Nicolas Berman | |
| 发表日期 | 2012-08-12 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A simple model where exporters react to an increase in the probability of default of importers by increasing their export price and decreasing their export volumes to destinations in crisis is consistent with this empirical finding. For longer shipping time, those effects are indeed magnified as the probability of default increases as time passes. Some exporters also decide to stop exporting to the crisis destination, the more so the longer time-to-ship. Using aggregate data from 1950 to 2009, we find that this magnification effect is robust to alternative specifications, samples and inclusion of additional controls, including distance. The firm level predictions are also broadly consistent with French exporter data from 1995 to 2005. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Financial crises International trade Time-to-ship |
| URL | https://cepr.org/publications/dp9089 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537922 |
| 推荐引用方式 GB/T 7714 | Philippe Martin,Thierry Mayer,José De Sousa,et al. DP9089 Time to ship during financial crises. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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