| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15177 |
| DP15177 When Tariffs Disturb Global Supply Chains | |
| Gene Grossman; Elhanan Helpman | |
| 发表日期 | 2020-08-17 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study unanticipated tariffs on imports of intermediate goods in a setting with firm-to-firm supply relationships. Firms that produce differentiated products conduct costly searches for potential input suppliers and negotiate bilateral prices with those that pass a reservation level of match productivity. Global supply chains are formed in anticipation of free trade. Once they are in place, the home government surprises with an input tariff. This can lead to renegotiation with initial suppliers or new search for replacements. We identify circumstances in which renegotiation generates improvement or deterioration in the terms of trade. The welfare implications of a tariff are ambiguous in this second-best setting, but plausible parameter values suggest a welfare loss that rises rapidly at high tariff rates. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Global supply chains Global value chains Input tariffs Imported intermediate goods |
| URL | https://cepr.org/publications/dp15177 |
| 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/544147 |
| 推荐引用方式 GB/T 7714 | Gene Grossman,Elhanan Helpman. DP15177 When Tariffs Disturb Global Supply Chains. 2020. |
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