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Heterogeneous country responses to the Great Recession: the role of supply chains
Review of World Economics ( IF 1.681 ) Pub Date : 2019-03-27 , DOI: 10.1007/s10290-019-00345-2
Steven Brakman , Charles van Marrewijk

The one time shock of the Great Recession in 2008/9 opens up the opportunity to study the sensitivity of countries to global economic shocks. Some countries are more resilient to global shocks than others. The authors analyze the link between the country response to the Great Recession and participation in global supply chains. Their preferred measure of supply chains is the Grubel–Lloyd index, which enables us to use detailed trade data over longer periods of time. The main finding is that strong involvement in global supply chains slows down the recovery of countries to recessions. Europe, which is heavily involved in global supply chains, is a case in point.

中文翻译:

国家对大衰退的应对措施:供应链的作用

2008/9年大萧条的一次性冲击为研究各国对全球经济冲击的敏感性提供了机会。一些国家比其他国家更能抵抗全球冲击。作者分析了国家应对大萧条与参与全球供应链之间的联系。他们首选的供应链度量是Grubel-Lloyd指数,它使我们能够在更长的时间内使用详细的贸易数据。主要发现是,大力参与全球供应链减缓了陷入衰退的国家的复苏。大量参与全球供应链的欧洲就是一个很好的例子。
更新日期:2019-03-27
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