Understanding the impact of COVID-19 supply disruptions on exporters in global value chains

Laura Lebastard and Roberta Serafini

Research Bulletin, 2023, vol. 105

Abstract: We assess the impact of the pandemic and the ensuing disruptions to global value chains (GVCs) on exporting firms. We find that firms’ participation in GVCs increased their vulnerability to the pandemic shock, in terms of export sales and probability of survival. Firms further downstream in GVCs were more severely affected by supply disruptions. At the same time, our results suggest that exporting firms benefited from sourcing their core inputs from different countries, supporting the hypothesis that diversification in global value chains fosters supply chain resilience. JEL Classification: D22, F14, F61

Keywords: COVID-19; Diversification; Global Value Chain; Shock transmission; Supply bottlenecks (search for similar items in EconPapers)
Date: 2023-03
Note: 375045
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Citations: View citations in EconPapers (2)

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