Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks
This article examines whether firm-level idiosyncratic shocks propagate in production networks. We identify idiosyncratic shocks with the occurrence of natural disasters. We find that affected suppliers impose substantial output losses on their customers, especially when they produce specific inputs...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press,
2017-09-05T20:00:11Z.
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| Subjects: | |
| Online Access: | Get fulltext |