【经管院每周系列讲座第332期】Propagation of Shocks by Natural Disasters through Global Supply Chains


【经管院每周系列讲座第332期】Propagation of Shocks by Natural Disasters through Global Supply Chains

Title:Propagation of Shocks by Natural Disasters through Global Supply Chains

Speaker:Yasuyuki Todo, Waseda University

Host:Ting Zeng, associate professor, SWUFE

Time:14:00-15:30, March 16, 2018

Venue:Room 309, Tongbo building, Liulin Campus

AbstractIn this paper, we take Hurricane Sandy that hit the east coast of the United States in 2012 as a source of exogenous negative shocks and examine its indirect effects on the global economy through supply chains. More specifically, using firm-level data on global supply chains, we examine how sales growth of firms in and outside the US changes when their suppliers or customers are damaged by the hurricane. Our results show that in most cases the negative effect on transaction partners outside the US and the effect on firms in the US show different features, concluding that national border matters to the size of propagation of negative shocks by the hurricane through global supply chains. We further find that the negative effect is heterogeneous in size across firms depending on the level of globalization of each firm, existence of other networks, and the density of each firm's ego-network.


主讲人简介:Yasuyuki Todo is a Professor in the Faculty of Political Science and Economics, Waseda University since 2014. He is also a Faculty Fellow at Research Institute of Economy, Trade and Industry and a Visiting Fellow at Japan International Cooperation Agency Research Institute. He received his Ph.D. in Economics from Stanford University in 2000. His research fields are international economics, development economics, and applied microeconometrics. More specifically, his research interests cover topics such as impact evaluation of economic and social networks on economic growth and development; how trade and foreign direct investment affect firm productivity, using firm- and household-level data for Japan, China, Indonesia, and Ethiopia. He is one of the leading trade and development economists in Japan. He has published in journals including Journal of Regional Science, Network Science, Research Policy, Transportation, and World Development, and has received Kojima Kiyoshi Prize in Japan.