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The great trade collapse and Indian firms

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The great trade collapse and Indian firms. / Chakraborty, Pavel.
In: The World Economy, Vol. 41, No. 1, 01.2018, p. 100-125.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Chakraborty, P 2018, 'The great trade collapse and Indian firms', The World Economy, vol. 41, no. 1, pp. 100-125. https://doi.org/10.1111/twec.12517

APA

Chakraborty, P. (2018). The great trade collapse and Indian firms. The World Economy, 41(1), 100-125. https://doi.org/10.1111/twec.12517

Vancouver

Chakraborty P. The great trade collapse and Indian firms. The World Economy. 2018 Jan;41(1):100-125. Epub 2017 Jun 27. doi: 10.1111/twec.12517

Author

Chakraborty, Pavel. / The great trade collapse and Indian firms. In: The World Economy. 2018 ; Vol. 41, No. 1. pp. 100-125.

Bibtex

@article{6fd1885382b2492ebd31b3dd1acd9e85,
title = "The great trade collapse and Indian firms",
abstract = "The collapse in global trade during the 2008–09 crisis has been widely studied using the developed nation(s) data. I use firm-level data from Indian manufacturers to show that: (a) Indian firms experience strong negative demand shocks concerning their exports to the USA and the EU, the effect being significantly higher in case of the USA. Results assert that 1% increase in the exposure towards the crisis-affected zones (the USA and the EU combined) reduces an average Indian manufacturing firm's export earnings by 1.17%–1.36%; (b) trade in consumer non-durables and durables are the two most affected sectors, impact being higher for the latter; (c) evidence in support of similar effects throughout the size distribution of firms, with the effect being highest for small or the most vulnerable firms; (d) drop in demand, as a result of the 2008–09 crisis, only affects the high-exposure industries. My results are robust to IV analysis and a variety of checks.",
author = "Pavel Chakraborty",
year = "2018",
month = jan,
doi = "10.1111/twec.12517",
language = "English",
volume = "41",
pages = "100--125",
journal = "The World Economy",
issn = "0378-5920",
publisher = "Wiley-Blackwell",
number = "1",

}

RIS

TY - JOUR

T1 - The great trade collapse and Indian firms

AU - Chakraborty, Pavel

PY - 2018/1

Y1 - 2018/1

N2 - The collapse in global trade during the 2008–09 crisis has been widely studied using the developed nation(s) data. I use firm-level data from Indian manufacturers to show that: (a) Indian firms experience strong negative demand shocks concerning their exports to the USA and the EU, the effect being significantly higher in case of the USA. Results assert that 1% increase in the exposure towards the crisis-affected zones (the USA and the EU combined) reduces an average Indian manufacturing firm's export earnings by 1.17%–1.36%; (b) trade in consumer non-durables and durables are the two most affected sectors, impact being higher for the latter; (c) evidence in support of similar effects throughout the size distribution of firms, with the effect being highest for small or the most vulnerable firms; (d) drop in demand, as a result of the 2008–09 crisis, only affects the high-exposure industries. My results are robust to IV analysis and a variety of checks.

AB - The collapse in global trade during the 2008–09 crisis has been widely studied using the developed nation(s) data. I use firm-level data from Indian manufacturers to show that: (a) Indian firms experience strong negative demand shocks concerning their exports to the USA and the EU, the effect being significantly higher in case of the USA. Results assert that 1% increase in the exposure towards the crisis-affected zones (the USA and the EU combined) reduces an average Indian manufacturing firm's export earnings by 1.17%–1.36%; (b) trade in consumer non-durables and durables are the two most affected sectors, impact being higher for the latter; (c) evidence in support of similar effects throughout the size distribution of firms, with the effect being highest for small or the most vulnerable firms; (d) drop in demand, as a result of the 2008–09 crisis, only affects the high-exposure industries. My results are robust to IV analysis and a variety of checks.

U2 - 10.1111/twec.12517

DO - 10.1111/twec.12517

M3 - Journal article

VL - 41

SP - 100

EP - 125

JO - The World Economy

JF - The World Economy

SN - 0378-5920

IS - 1

ER -