| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18274 |
| 来源ID | Working Paper 18274 |
| Time to Ship During Financial Crises | |
| Nicolas Berman; José De Sousa; Philippe Martin; Thierry Mayer | |
| 发表日期 | 2012-08-02 |
| 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 Economics ; Trade ; Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w18274 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575950 |
| 推荐引用方式 GB/T 7714 | Nicolas Berman,José De Sousa,Philippe Martin,et al. Time to Ship During Financial Crises. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18274.pdf（376KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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