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Trade disruptions in Europe: Evidence from the EIB Investment Survey 2022

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  • Brasili, Andrea
  • Harasztosi, Peter

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.

Suggested Citation

  • Brasili, Andrea & Harasztosi, Peter, 2023. "Trade disruptions in Europe: Evidence from the EIB Investment Survey 2022," EIB Working Papers 2023/02, European Investment Bank (EIB).
    • Handle: RePEc:zbw:eibwps:202302
    DOI: 10.2867/24420
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    References listed on IDEAS

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    3. Pol Antràs & Teresa C. Fort & Felix Tintelnot, 2017. "The Margins of Global Sourcing: Theory and Evidence from US Firms," American Economic Review, American Economic Association, vol. 107(9), pages 2514-2564, September.
    4. Richard Baldwin & Rebecca Freeman, 2021. "Risks and global supply chains: what we know and what we need to know," Bank of England working papers 942, Bank of England.
    5. Belotti,Federico & Borin,Alessandro & Mancini,Michele, 2020. "icio : Economic Analysis with Inter-Country Input-Output Tables in Stata," Policy Research Working Paper Series 9156, The World Bank.
    6. Rebecca Freeman & Richard Baldwin, 2022. "Risks and Global Supply Chains: What We Know and What We Need to Know," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 153-180, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international trade; firm heterogeneity; disruptions;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • F1 - International Economics - - Trade
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production

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