TRADE CRISIS? WHAT TRADE CRISIS?

被引：103

作者：

Behrens, Kristian ^{[1
]}

Corcos, Gregory ^{[2
]}

Mion, Giordano ^{[3
]}

机构：

[1] Univ Quebec Montreal CIRPEE, Montreal, PQ, Canada

[2] Norwegian Sch Econ & Business Adm, Bergen, Norway

[3] CEPR, London Sch Econ, CEP, London, England

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2013年 / 95卷 / 02期

关键词：

COLLAPSE;

D O I：

10.1162/REST_a_00287

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the 2008-2009 trade collapse using microdata from a small open economy, Belgium. Belgian exports and imports mostly fell because of smaller quantities sold and unit prices charged rather than fewer firms, trading partners, and products being involved in trade. Our difference-in-difference results point to a fall in the demand for tradables as the main driver of the collapse. Finance and involvement in global value chains played a minor role. Firm-level exports-to-turnover and imports-to-intermediates ratios reveal a comparable collapse of domestic and cross-border operations. Overall, our results reject a crisis of cross-border trade per se.

引用

页码：702 / 709

页数：8

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