Resiliency of Production Networks in Asia: Evidence from the Asian Crisis

Ayako Obashi ()

No 2009-005, Keio/Kyoto Joint Global COE Discussion Paper Series from Keio/Kyoto Joint Global COE Program

Abstract: This paper presents the resiliency of international production networks stretched across the Asian region in face of the Asian financial and currency crisis back in 1997-98, as well as confirming its stability with consideration to adverse effects of the crisis. A series of survival analyses provide an evidence supporting the view that transactions of intermediate goods within production networks are more likely to be stable and resilient to a temporary disruption compared to other transactions. Machinery parts & components are no exception in that a nonnegligible portion of trade relationships was actually broken off amid the Asian crisis, but many of them were restored shortly afterward as compared to the others.

Pages: 26 pages
Date: 2009
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Citations: View citations in EconPapers (8)

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Working Paper: Resiliency of Production Networks in Asia: Evidence from the Asian Crisis (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:kei:dpaper:2009-005

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