微观数据(统计)
跨国公司
经济
范围(计算机科学)
替代弹性
休克(循环)
国际贸易
生产(经济)
计量经济学
货币经济学
产业组织
微观经济学
计算机科学
财务
医学
人口
人口学
社会学
内科学
人口普查
程序设计语言
作者
Christoph Boehm,Aaron Flaaen,Nitya Pandalai-Nayar
摘要
Abstract Using novel firm-level microdata and leveraging a natural experiment, this paper provides causal evidence for the role of trade and multinational firms in the cross-country transmission of shocks. The scope for trade linkages to generate cross-country spillovers depends on the elasticity of substitution with respect to domestic inputs. Using the 2011 Tōhoku earthquake as an exogenous shock, we structurally estimate production elasticities at the firm level and find greater complementarities in input usage than previously thought. For Japanese affiliates in the United States, output falls roughly one-for-one with declines in imports, consistent with a relationship between imported and domestic inputs that is close to Leontief.
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