Production Networks, Geography, and Firm Performance

• 成果类型: Article
• 署名作者: Bernard, Andrew B.; Moxnes, Andreas; Saito, Yukiko U.
• 署名单位: Dartmouth College; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; University of Oslo; Waseda University
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/700764
• 发表日期: 2019
• 页码: 639-688
• 关键词: impact; INVESTMENT; inputs

摘要

This paper examines the importance of buyer-supplier relationships for firm performance. We develop a model in which firms outsource tasks and search for suppliers. Lower search and outsourcing costs lead firms to search more and find better suppliers, which in turn drives down marginal costs. We test the theory by exploiting the opening of a high-speed train line in Japan, which lowered the cost of passenger travel but left shipping costs unchanged. Using an exhaustive data set on firms' buyer-seller linkages, we find significant improvements in firm performance as well as creation of buyer-seller links, consistent with the model.