Firms' Upstreamness, Trade Crisis and the Value Chain Transmission of the Bullwhip Effect
发布时间:2024-11-07
浏览次数:4
作者:YUE LYU, WEILUO, QUN BAO
ChinaEconomicQuarterly,2020, Issue 3Authors:YUELYU, WEILUO, QUNBAOAbstract:Adopting the highly detailed data ofthe CASIF and CCTs from 2000 to 2013we try to comprehensively examine the effect ofupstre···
China Economic Quarterly, 2020, Issue 3
Authors:YUE LYU, WEILUO, QUN BAO
Abstract:Adopting the highly detailed data ofthe CASIF and CCTs from 2000 to 2013we try to comprehensively examine the effect ofupstreamness on trade volatility risk duringfinancial crisis. We find that:(1)During the financial crisis.enterprises in the upstream ofthe value chain face higher export risks, showing lower export tendencies, less export growthand higher exit risk. This discovery supports the "bullwhip effect" hypothesis during the crisis;(2)from the perspective of finm's dynamic, the effect of financial crisis on China's exportis mainly due to the new entrants locating at relatively upstream of GVC.
Key Words: upstreamness, financial constraints, global value chain
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