Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272293 
Year of Publication: 
2023
Series/Report no.: 
EIB Working Papers No. 2023/02
Publisher: 
European Investment Bank (EIB), Luxembourg
Abstract: 
Using firm level survey data we draw a portrait of incidence of recent trade related shocks, such as disruptions in logistics or access to materials, and undertaken responses in the economies of the EU. The paper focuses on firm heterogeneity in explaining the willingness to respond to these shocks and in explaining the type of response taken: diversification across trade partners or focusing on domestic markets and suppliers. We find that younger, larger, more productive firms are more likely to respond actively to trade shocks and disruptions, especially with diversification. At the same time, less productive, less innovative firms and firms using imported inputs, but that do not trade themselves are discouraged from engaging directly in international trade.
Subjects: 
international trade
firm heterogeneity
disruptions
JEL: 
D21
F1
L23
Persistent Identifier of the first edition: 
ISBN: 
978-92-861-5587-1
Document Type: 
Working Paper

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