| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14640 |
| DP14640 How Do Firms Respond to Demand Shocks? Evidence from the European Sovereign Debt Crisis | |
| Manuel Adelino; Paulo Fagandini; Miguel Ferreira; Francisco Queiro | |
| 发表日期 | 2020-04-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We examine how firms respond to domestic demand shocks using the large and unanticipated shock to government spending in European periphery countries during the 2010-2011 sovereign debt crisis. We find that firms with higher ex-ante exposure to government procurement contracts significantly increase their exports after the shock or exit. Older and larger firms are better able to substitute domestic sales with entry into export markets than younger and smaller firms. Firms with high-skill workers, high productivity and more educated managers are also more likely to start exporting. Our results suggest that mature and high-quality firms drive the response of tradable industries to domestic demand shocks. |
| 主题 | Financial Economics ; International Trade and Regional Economics ; Public Economics |
| 关键词 | Fiscal austerity Exports Investment opportunities Financial crises |
| URL | https://cepr.org/publications/dp14640 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543553 |
| 推荐引用方式 GB/T 7714 | Manuel Adelino,Paulo Fagandini,Miguel Ferreira,et al. DP14640 How Do Firms Respond to Demand Shocks? Evidence from the European Sovereign Debt Crisis. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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