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Author: Madhuri Saripalle
Publisher:
ISBN:
Category :
Languages : en
Pages : 1
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Book Description
This study analyzes the impact of intra-industry R&D spillovers on firm's own R&D effort from a supply chain perspective. Empirical studies have found inter-industry spillovers to be significant as opposed to intra-industry, as the pool of accessible knowledge is the same for a cross section of firms within an industry. However, from a supply chain perspective, though firms may be suppliers to an industry, they belong to different segments of the industry; and different tiers of the supply chain. The present study attempts to measure the horizontal and vertical spillovers within the supply chain of the Indian auto components Industry. The study finds spillovers from within the component group are a substitute for firm's own in-house R&D, while spillovers coming from outside the component group act as complements, thus indicating the integral nature of automobile design, requiring collaborative R&D effort. Vertical spillovers vary based on vehicle category suggesting that nature of OEM-supplier collaboration differs by vehicle types. Other factors influencing own R&D effort include age, market share and location in an industrial cluster.
Author: Madhuri Saripalle
Publisher:
ISBN:
Category :
Languages : en
Pages : 1
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Book Description
This study analyzes the impact of intra-industry R&D spillovers on firm's own R&D effort from a supply chain perspective. Empirical studies have found inter-industry spillovers to be significant as opposed to intra-industry, as the pool of accessible knowledge is the same for a cross section of firms within an industry. However, from a supply chain perspective, though firms may be suppliers to an industry, they belong to different segments of the industry; and different tiers of the supply chain. The present study attempts to measure the horizontal and vertical spillovers within the supply chain of the Indian auto components Industry. The study finds spillovers from within the component group are a substitute for firm's own in-house R&D, while spillovers coming from outside the component group act as complements, thus indicating the integral nature of automobile design, requiring collaborative R&D effort. Vertical spillovers vary based on vehicle category suggesting that nature of OEM-supplier collaboration differs by vehicle types. Other factors influencing own R&D effort include age, market share and location in an industrial cluster.
Author: Shu-Miao Lai
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Selim Elekdag
Publisher: International Monetary Fund
ISBN: 1484355180
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two key policy implications: First, as a reflection of strengthening trade linkages, German fiscal spillovers to the CE4 and more broadly to the rest of the euro area, have increased over time, but are still relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily the main determinant of CE4 exports to Germany. Second, increased trade openness in both Germany and the CE4 implies a greater exposure of the GCESC to global shocks. However, owing to its strong fundamentals—including sound balance sheets and its safe haven status— Germany plays the role of a regional anchor of stability by better absorbing shocks from other trading partners instead of amplifying their transmission across the GCESC.
Author: Alan Feng
Publisher: International Monetary Fund
ISBN: 1513564587
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers of physical climate risks through international trade and supply chain linkages. As we base our findings on historical data between 1970 and 2018, we observe that globalization increased the similarity of countries’ global climate risk exposures. Exposures to foreign climatic disasters in major trade partner countries (both upstream and downstream) lower the home-country stock market valuation for the aggregate market and for the tradable sectors. We also find that exposures to foreign long-term climate change risks reduce the asset price valuations of the tradable sectors at home. Findings in this paper suggest that climate adaptation efforts in a country can have positive externalities on other countries’ macrofinancial performance and stability through international trade.
Author: Bernard Hoekman
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
Assessing the effects of subsidies is complicated, given the need to consider linkages within and across supply chain networks. A precondition for determining whether existing WTO disciplines on subsidies are adequate is better information and more empirical research on the extent to which negative international spillovers are created by prevailing policies. Many of the policies that affect supply chain operations are not considered subsidies under the WTO. There are no rules on subsidies for services or investment incentives. Conversely, some WTO rules may not be appropriate or effective given the increasing prevalence of value chains. There is an urgent need for policy analysis to determine how existing WTO disciplines impact on value chain s and whether and how large the negative spillovers are of national policies. A necessary condition for any such determination is much better data on the measures that are employed by governments around the world, both at the central and sub-central levels.
Author: Olov Isaksson
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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Book Description
In addition to internal R&D, external knowledge is widely considered as an essential lever for innovative performance. This paper analyzes knowledge spillovers in supply chain networks. Specifically, we investigate how supplier innovation is impacted by buyer innovation. Financial accounting data is combined with supply chain relationship data and patent data for U.S. firms in high tech industries. Our econometric analysis shows that buyer innovation has a positive and significant impact on supplier innovation. We find that the duration of the buyer-supplier relationship positively moderates this effect, but that the technological proximity between the two firms does not have a significant effect on spillovers.
Author: Diego A. Cerdeiro
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781513564746
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in international supply chains were widely reported as governments imposed containment measures (lockdowns) to halt the spread of the disease. At the same time, demand declined as households and firms scaled back spending. This paper attempts to disentangle the supply and demand channels in trade by quantifying the causal effect of supply spillovers from lockdowns. We utilize a novel dataset of daily bilateral seaborne trade, and design a shift-share identification strategy that leverages geography-induced cargo delivery lags to track the transmission of supply disruptions across space. We find strong but short-lived supply spillovers of lockdowns through international trade. Moreover, the evidence is suggestive of the downstream propagation of countries’ lockdowns through global supply chains.
Author: Alan Feng
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Are land locked countries subject to sea-level rise risk? We highlight a new mechanism by which physical climate shocks affects countries' macro-financial performance: the cross-border spillover effects that propagate through international trade. Basing our findings on historical data between 1970 and 2019, we find that climate disasters that strike the transport infrastructure - ports - decrease the affected country's imports and exports and reduce economic output in major trade partner (both upstream and downstream) countries. Climate disasters reduce stock market returns in the aggregate market and tradable sectors of the major trade partner countries. Exposures to foreign long-term climate change risks reduce the asset price valuations of the tradable sectors at home. As a result, climate adaptation efforts in one country can have a positive impact on macro-financial performance and stability in other countries through international trade.
Author: Bernard M. Hoekman
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 0
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Book Description
Assessing the effects of subsidies is complicated, given the need to consider linkages within and across supply chain networks. A precondition for determining whether existing WTO disciplines on subsidies are adequate is better information and more empirical research on the extent to which negative international spillovers are created by prevailing policies. Many of the policies that affect supply chain operations are not considered subsidies under the WTO. There are no rules on subsidies for services or investment incentives. Conversely, some WTO rules may not be appropriate or effective given the increasing prevalence of value chains. There is an urgent need for policy analysis to determine how existing WTO disciplines impact on value chain s and whether and how large the negative spillovers are of national policies. A necessary condition for any such determination is much better data on the measures that are employed by governments around the world, both at the central and sub-central levels.
Author: Arti Grover Goswami
Publisher: World Bank Publications
ISBN: 1464813701
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
Remarkably, a small fraction of firms account for most of the job and output creation in high-income and developing countries alike. Does this imply that the path to enabling more economic dynamism lies in selectively targeting high-potential firms? Or would pursuing broad-based reforms that minimize distortions be more effective? Inspired by these questions, this book presents new evidence on the incidence, characteristics, and drivers of high-growth firms based on in-depth studies of firm dynamics in Brazil, Côte d’Ivoire, Ethiopia, Hungary, India, Indonesia, Mexico, South Africa, Thailand, Tunisia, and Turkey. Its findings reveal that high-growth firms are not only powerful engines of job and output growth but also create positive spillovers for other businesses along the value chain. At the same time, the book debunks several myths about policies to support firm dynamism that focus on outward characteristics, such as firm size, sector, location, or past performance. Its findings show that most firms struggle to sustain rapid rates of expansion and that the relationship between high growth and productivity is often weak. Consequently, the book calls for a shift toward policies that improve the quality of firm growth by supporting innovation, managerial skills, and firms’ ability to leverage global linkages and agglomeration. To help policy makers structure policies that support firm growth, the book proposes a new ABC framework of growth entrepreneurship: improving Allocative efficiency, encouraging Business-to-business spillovers, and strengthening firm Capabilities. This book is the third volume of the World Bank Productivity Project, which seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers. 'Policy makers often get carried away by the disproportionate contributions of high-growth firms to job and output growth and commit to pursuing policies targeting the potential ‘stars.’ This book separates fact from fiction underpinning such interventions through a comprehensive analysis of high-growth firms across a range of developing countries, making a compelling argument that public policy to pick prospective winners is neither possible nor desirable. Policy makers would be wise to consult its arguments and policy advice when designing the next generation of policies to support the growth of firms.' William R. Kerr Professor of Business Administration, Harvard University; author of The Gift of Global Talent: How Migration Shapes Business, Economy and Society 'How to ignite and sustain high firm growth has eluded both economic analysis and thought leaders in policy and business. Through its meticulous and thoughtful analysis, this important new book provides a tractable framework to guide policy to harness the growth and productivity potential of firms in the developing-country context.' David Audretsch Distinguished Professor and Director of the Institute for Development Strategies, Indiana University .
