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- ISIDORE Id: 10670/1.a3bdd1...
- hal: hal-04516313
- doi: 10.1162/rest_a_01396
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http://creativecommons.org/licenses/by-nc-nd/ , info:eu-repo/semantics/OpenAccess
Mots-clés
international trade economic uncertainty relationship stickiness F - International Economics/F.F1 - Trade/F.F1.F12 - Models of Trade with Imperfect Competition and Scale Economies • Fragmentation F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of TradeSujets proches
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Julien Martin et al., « Relationship Stickiness, International Trade, and Economic Uncertainty », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1162/rest_a_01396
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Résumé
We study how stickiness in business relationships influences the trade impact of aggregate uncertainty. To begin, we construct a product-level index of relationship stickiness using firm-to-firm relationship duration data. We then demonstrate how relationship stickiness shapes trade dynamics in response to uncertainty shocks. We find that episodes of uncertainty lead to a decline in the overall establishment of new business relationships, with the impact varying depending on the level of stickiness. In markets characterized by high stickiness, uncertainty shocks primarily impede investments in new firm-to-firm relationships. In contrast, for non-sticky products, the adjustment to uncertainty shocks mainly manifests as the disruption of existing relationships.
