How did the Japanese Exports Respond to Two Crises in the International Production Networks? The Global Financial Crisis and the Great East Japan Earthquake
How did the Japanese Exports Respond to Two Crises in the International Production Networks? The Global Financial Crisis and the Great East Japan Earthquake
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DOI：
10.1111/j.1467-8381.2012.02085.x
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发表时间：
2012-09-01
影响因子：
1.3
通讯作者：
Kimura, Fukunari
中科院分区：
文献类型：
--
作者：
Ando, Mitsuyo;Kimura, Fukunari
本文以机械行业的国内外生产网络的特征为中心，分析了20082009年的全球金融危机和2011年的东日本大地震这两次大冲击对日本出口的影响。该论文使用最细分级别的日本双边出口月度数据，将日本出口的下降和复苏分解为集约和广泛的利润率。它还使用logit估计和生存分析来审查出口品的出境和再入境。两次冲击后的经验证实了生产网络的稳定性和稳健性以及与东亚的联系不断加强。然而，这两种冲击之间的差异似乎对公司行为产生不同的影响。
This paper analyzes the impact of two massive shocks on Japanese exports, the 20082009 Global Financial Crisis and the 2011 Great East Japan Earthquake, focusing on the characteristics of domestic/international production networks in machinery industries. Using monthly data for Japanese bilateral exports at the most disaggregated level, the paper decomposes the fall and recovery of Japanese exports into intensive and extensive margins. It also examines the exit and re-entry of exports using logit estimation and survival analysis. The experience after both shocks confirms the stability and robustness of production networks and the enhancing link with East Asia. However, differences between the two shocks seem to generate differential impacts on corporate behavior.