| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15316 |
| DP15316 Financial Constraints and Propagation of Shocks in Production Networks | |
| Banu Demir; Beata Javorcik; Tomasz K. Michalski; Evren ÖRS | |
| 发表日期 | 2020-09-23 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This study finds that even small unexpected supply shocks propagate downstream through production networks and are amplified by firms with short-term financial constraints. The unexpected 2011 increase in the tax on imports purchased with foreign-sourced trade credit is examined using data capturing almost all Turkish supplier-customer links. The identification strategy exploits the heterogeneous impact of the shock on importers. The results indicate that this small shock had a non-trivial economic impact on exposed firms and propagated downstream through affected suppliers. Empirical tests, motivated by a simple theory, demonstrate that low-liquidity firms amplified its transmission. |
| 主题 | Financial Economics ; International Trade and Regional Economics |
| 关键词 | Production networks Shock transmission Financing constraints Liquidity |
| URL | https://cepr.org/publications/dp15316 |
| 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/544295 |
| 推荐引用方式 GB/T 7714 | Banu Demir,Beata Javorcik,Tomasz K. Michalski,et al. DP15316 Financial Constraints and Propagation of Shocks in Production Networks. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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