G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w27722
来源IDWorking Paper 27722
When Tariffs Disturb Global Supply Chains
Gene M. Grossman; Elhanan Helpman
发表日期2020-08-24
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 Economics ; Trade
URLhttps://www.nber.org/papers/w27722
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585394
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GB/T 7714
Gene M. Grossman,Elhanan Helpman. When Tariffs Disturb Global Supply Chains. 2020.
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