Does Outsourcing Cause Economic Volatility: An Empirical Analysis on China's Provincial Panel Data
Does Outsourcing Cause Economic Volatility: An Empirical Analysis on China's Provincial Panel Data
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外包是否会导致经济波动：基于中国省级面板数据的实证分析
DOI：
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发表时间：
2013
期刊：
影响因子：
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通讯作者：
Z. Shaojun
中科院分区：
文献类型：
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作者：
Z. Shaojun
外包作为一种公司组织和治理方式，已经成为经济波动的重要来源。本文提出了外包与经济波动关系的分析框架和理论假设。本文利用2000-2009年的中国省级面板数据，发现外包对经济波动的影响显著为正，渠道主要是出口和进口。此外，本文还发现，小企业、外资企业和低技术企业所占比例越高，外包的经济波动性越大。此外，我们发现外包导致经济波动主要是通过增加现有企业生产和就业的波动（集约边际波动），而不是通过增加企业数量的波动（广泛边际波动）。
Outsourcing as a way of corporate organization and governance has become an important source of economic volatility. This article provides an analytical framework and theoretical hypotheses on the relationship between outsourcing and economic volatility. Using Chinese provincial panel data for the period 2000—2009, this paper reveals that the effect of outsourcing on economic volatility is significantly positive and the channels are through exports and imports. Furthermore, this paper finds that the higher the proportions of small firms, foreign-funded firms and low-tech firms, the greater the economic volatility outsourcing results.In addition, we find that outsourcing causes economic volatility primarily by increasing the volatility of production and employment in existing firms (volatility by the intensive margin), instead of by increasing the volatility of the number of firms (volatility by the extensive margin).