Trade and Domestic Production Networks

• 成果类型: Article
• 署名作者: Dhyne, Emmanuel; Kikkawa, Ayumu Ken; Mogstad, Magne; Tintelnot, Felix
• 署名单位: European Central Bank; National Bank of Belgium; University of British Columbia; University of Chicago; National Bureau of Economic Research
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdaa062
• 发表日期: 2021
• 页码: 643-668
• 关键词: firm; shocks

摘要

We examine how many and what kind of firms ultimately rely on foreign inputs, sell to foreign markets, and are affected by trade shocks. To capture that firms can trade indirectly by buying from or selling to domestic firms that import or export, we use Belgian data with information on both domestic firm-to-firm sales and foreign trade transactions. We find that most firms use a lot of foreign inputs, but only a small number of firms show that dependence through direct imports. While direct exporters are rare, a majority of firms are indirectly exporting. In most firms, however, indirect export is quantitatively modest, and sales at home are the key source of revenue. We show that what matters for the transmission of foreign demand shocks to a firm's revenue is how much the firm ultimately sells to foreign markets, not whether these sales are from direct or indirect export.