| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15609 |
| DP15609 Relationship stickiness, international trade, and economic uncertainty | |
| Julien Martin; Isabelle Mejean; Mathieu Parenti | |
| 发表日期 | 2020-12-26 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study how stickiness in business relationships influences the trade impact of aggregate uncertainty. We first develop a product-level index of relationship stickiness estimated from firm-to-firm trade data. The measure is grounded into a search model in which more stickiness implies longer firm-to-firm trade relationships, conditional on match quality. We then show that relationship stickiness shapes the dynamics of trade in response to uncertainty shocks. Episodes of high macroeconomic uncertainty are associated with less trade, mostly driven by a decrease in the net creation of firm-to-firm relationships. Such adjustments are significantly more pronounced among the most sticky product categories. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Firm-to-firm trade Relationship specificity Uncertainty |
| URL | https://cepr.org/publications/dp15609-1 |
| 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/544621 |
| 推荐引用方式 GB/T 7714 | Julien Martin,Isabelle Mejean,Mathieu Parenti. DP15609 Relationship stickiness, international trade, and economic uncertainty. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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