Endogenous Production Networks With Fixed Costs

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Endogenous Production Networks with Fixed Costs

Author : Emmanuel Dhyne
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Endogenous Production Networks with Fixed Costs by : Emmanuel Dhyne

Download or read book Endogenous Production Networks with Fixed Costs written by Emmanuel Dhyne and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a tractable model of endogenous production networks with fixed costs associated with the formation of links between firms. The model consists of a finite number of firm types producing differentiated products. Each firm is characterized by firm-specific parameters describing its CES production function, firm-specific domestic and foreign demand shifters, and a firm-specific set of potential suppliers and buyers. We consider versions of the model in which either the buyer or the supplier initiates the formation of links, and versions in which the production network can be cyclic or acyclic. Our main theoretical result is that the closed economy equilibrium is unique if the set of feasible networks consists only of networks that are acyclic and the buyer initiates the link formation while having full bargaining power in price negotiations with the supplier. We provide examples of multiple equilibria if the supplier initiates the link formation in both cyclic and acyclic feasible networks or if the buyer initiates the link formation in a cyclic production network. We take the acyclic production network model to Belgian data on firm-to-firm production networks and show that it approximates well the salient features of the network. The endogenous network model generates substantial churn in domestic firm-to-firm linkages in response to trade shocks. However, the endogenous network model generates only moderately different welfare changes compared to a model with fixed linkages, suggesting that exogenous production networks can approximate the welfare response to trade shocks reasonably well.

Endogenous Production Networks and Supply Chain Disruptions

Author : Nuriye Melisa Bilgin
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Endogenous Production Networks and Supply Chain Disruptions by : Nuriye Melisa Bilgin

Download or read book Endogenous Production Networks and Supply Chain Disruptions written by Nuriye Melisa Bilgin and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the role of production networks and provides a causal estimate of how supply chains affect prices and productivity. Leveraging unique firm-level production network data from Turkey, a country with high inflation and expansionary monetary policy, I isolate the supply shock by exploiting the disruption from Chinese suppliers due to the lockdown. I document that firms relying on imports from China raise their prices by 11 % and experience a 24 % decrease in productivity following the supply chain disruption. To explore the mechanism, I further extend the analysis at the firm-product level and uncover that the effect on labor productivity is primarily driven by the intermediate and capital goods. Guided by the empirical findings, I propose a theoretical framework where firms are heterogeneous regarding their core and network productivities. The firm's supplier matches shape these network productivities as firms select into productive or low-cost suppliers to maximize their profits. I show that the endogeneity of the production network also originates from interdependent choices. In this way, this paper offers a new layer of firm heterogeneity as supply chain choices. Finally, I calibrate the model to analyze the implications of expanding the firm's supply chain. Counterfactual supply chains, with lower fixed costs associated with Chinese suppliers, translate into a decrease of 1.2 % in aggregate prices.

Endogenous Spatial Production Networks: Theory, Estimation, and Evidence from Indian Firm-to-Firm Linkages

Author : Piyush Paritosh Panigrahi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.5/5 (355 download)

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Book Synopsis Endogenous Spatial Production Networks: Theory, Estimation, and Evidence from Indian Firm-to-Firm Linkages by : Piyush Paritosh Panigrahi

Download or read book Endogenous Spatial Production Networks: Theory, Estimation, and Evidence from Indian Firm-to-Firm Linkages written by Piyush Paritosh Panigrahi and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In modern economies, production is organized in large-scale complex networks of firms trading intermediate inputs with each other. Larger Indian firms selling inputs to other firms tend to have more customers, tend to be used more intensively by their customers, and tend to have larger customers. Motivated by these regularities, I propose a novel empirical model of trade featuring endogenous formation of input-output linkages between spatially distant firms. The empirical model consists of (a) a theoretical framework that accommodates first order features of firm-to-firm network data, (b) a maximum likelihood framework for structural estimation that is uninhibited by the scale of data, and (c) a procedure for counterfactual analysis that speaks to the effects of micro- and macro- shocks to the spatial network economy. In the model, differences in production costs across firms arise not just from differences in productivity but also from finding the most cost-effective suppliers of intermediate inputs. Firms with low production costs end up larger because they find more customers, are used more intensively by their customers and in turn their customers lower production costs and end up larger themselves. The model is estimated using novel micro-data on firm-to-firm sales between Indian firms. The model's fit is good. The estimated model implies that a 10% decline in inter-state border frictions in India leads to welfare gains ranging between 1% and 8% across districts. Moreover, over half of the variation in changes in firms' sales to other firms can be explained by endogenous changes in the network structure.

Modularity and the Organization of International Production

Author : Ari van Assche
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Modularity and the Organization of International Production by : Ari van Assche

Download or read book Modularity and the Organization of International Production written by Ari van Assche and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Spatial Production Networks

Author : Costas Arkolakis
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Spatial Production Networks by : Costas Arkolakis

Download or read book Spatial Production Networks written by Costas Arkolakis and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use new theory and data to study how firms endogenously form production networks across regions and countries. Supplier and buyer relationships form depending on firms' productivity and geographic location. We characterize the normative and positive properties of the spatial distribution of economic activity and welfare in general equilibrium. We calibrate the model using domestic and international firm-to-firm trade data from Chile. Both iceberg trade costs and search and matching frictions are important for aggregate trade flows and production networks. Endogenous formation of production networks leads to larger and more dispersed effects of international and intra-national trade cost shocks.

Global Production

Author : Pol Antràs
Publisher : Princeton University Press
ISBN 13 : 0691209030
Total Pages : 336 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Global Production by : Pol Antràs

Download or read book Global Production written by Pol Antràs and published by Princeton University Press. This book was released on 2020-10-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antràs examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy. Antràs discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antràs also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions. Using an integrated approach, Global Production is an excellent resource for researchers, graduate students, and advanced undergraduates interested in the inner workings of international economics and trade.

The Industrial Organization of Banking

Author : David VanHoose
Publisher : Springer Science & Business Media
ISBN 13 : 3642028217
Total Pages : 258 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis The Industrial Organization of Banking by : David VanHoose

Download or read book The Industrial Organization of Banking written by David VanHoose and published by Springer Science & Business Media. This book was released on 2009-12-09 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide a thoroughly updated overview and evaluation of the industrial organization of banking. It examines the interplay among bank behaviour, market structure, and regulation from the perspective of a variety of public policy issues, including bank competition and risk, market discipline, antitrust issues, and capital regulation. New to this edition are discussions of the economic foundations of international banking, macroprudential regulation, and international coordination of banking policies. The book can serve as a learning tool and reference for graduate students, academics, bankers, and policymakers with interests in the industrial organization of the banking sector and the impacts of banking regulations.

Theories of Endogenous Regional Growth

Author : Börje Johansson
Publisher : Springer Science & Business Media
ISBN 13 : 3642595707
Total Pages : 431 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Theories of Endogenous Regional Growth by : Börje Johansson

Download or read book Theories of Endogenous Regional Growth written by Börje Johansson and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last two decades a new growth theory has emerged - often labelled "endogenous economic growth". The contributions in the book develop these advances into a theoretical framework for endogenous regional economic growth and explain the implications for regional economic policies in the perspective of the new century. Endogenous growth models can reflect increasing returns and hence refer more adequately to empirical observations than earlier models, and the models become policy relevant, because in endogenous growth models policy matters. Such policies comprise efforts to stimulate the growth of knowledge intensity of the labour supply and knowledge production in the form of R&D.

Asia and Global Production Networks

Author : Benno Ferrarini
Publisher : Edward Elgar Publishing
ISBN 13 : 178347209X
Total Pages : 393 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis Asia and Global Production Networks by : Benno Ferrarini

Download or read book Asia and Global Production Networks written by Benno Ferrarini and published by Edward Elgar Publishing. This book was released on 2014-10-31 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book deploys new tools and measures to understand how global production networks change the nature of global economic interdependence, and how that in turn changes our understanding of which policies are appropriate in this new environment.

Global Value Chains and Production Networks

Author : Fengru Cui
Publisher : Academic Press
ISBN 13 : 0128148489
Total Pages : 282 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Global Value Chains and Production Networks by : Fengru Cui

Download or read book Global Value Chains and Production Networks written by Fengru Cui and published by Academic Press. This book was released on 2018-12-05 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Value Chains and Production Networks: Case Studies of Siemens and Huawei presents theories and frameworks that facilitate the evolution of GPN studies, from macro perspectives based on territory and industry to the use of micro (firm-level) data. The book explores these theories and frameworks through detailed case studies of two major corporations, Siemens and Huawei. With the GPN/GVC structure of Chinese firms not well known outside China, despite the growing importance of Chinese firms in the global economy, this guide plays a pivotal role in facilitating the use of data that promise to unlock economic cooperation and value. Emphasizes micro-data analytical models and their methodological underpinnings Illustrates how these data illuminate the economic structures of two comparable GPNs within highly divergent institutional contexts Suggests how companies can cooperate with foreign partners to enhance their global management capacity and reshape their advantages in international competition

Endogenous Development

Author : Antonio Vázquez Barquero
Publisher : Psychology Press
ISBN 13 : 9780415285797
Total Pages : 248 pages
Book Rating : 4.2/5 (857 download)

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Book Synopsis Endogenous Development by : Antonio Vázquez Barquero

Download or read book Endogenous Development written by Antonio Vázquez Barquero and published by Psychology Press. This book was released on 2002 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The beginning of the twenty first century has been characterized by the expansion of economics, politics and institutional relations. this book illustrates the local answer to the challenge of increasing competition.

Production Networks and Industrial Clusters

Author : Ikuo Kuroiwa
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 981230763X
Total Pages : 379 pages
Book Rating : 4.8/5 (123 download)

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Book Synopsis Production Networks and Industrial Clusters by : Ikuo Kuroiwa

Download or read book Production Networks and Industrial Clusters written by Ikuo Kuroiwa and published by Institute of Southeast Asian Studies. This book was released on 2008-04-30 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how production networks and industrial clusters have played crucial roles in the industrial development of Indonesia and Malaysia (electronics industry), Singapore (biomedical science industry), and Thailand (automotive industry).

Handbook of Cultural Economics, Third Edition

Author : Ruth Towse
Publisher : Edward Elgar Publishing
ISBN 13 : 1788975804
Total Pages : 552 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Handbook of Cultural Economics, Third Edition by : Ruth Towse

Download or read book Handbook of Cultural Economics, Third Edition written by Ruth Towse and published by Edward Elgar Publishing. This book was released on 2020-03-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cultural economics has become well established as a subject of interest for students and teachers of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitisation has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it.

Switching Channels

Author : Richard E CAVES
Publisher : Harvard University Press
ISBN 13 : 0674029291
Total Pages : 373 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis Switching Channels by : Richard E CAVES

Download or read book Switching Channels written by Richard E CAVES and published by Harvard University Press. This book was released on 2009-06-30 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Media critics invariably disparage the quality of programming produced by the U.S. television industry. But why the industry produces what it does is a question largely unasked. It is this question, at the crux of American popular culture, that Switching Channels explores.

Economic Wealth Creation and the Social Division of Labour

Author : Robert P. Gilles
Publisher : Springer
ISBN 13 : 3030044262
Total Pages : 311 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Economic Wealth Creation and the Social Division of Labour by : Robert P. Gilles

Download or read book Economic Wealth Creation and the Social Division of Labour written by Robert P. Gilles and published by Springer. This book was released on 2019-02-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘This is the second book of a two-volume set that continues Adam Smith's work, using the tools mathematical, experimental, and behavioural economists have developed since 1776. As in the first volume, markets are not the central organising principle. Instead, attention centres on social institutions and the division of labour that they enable. The book studies this via the endogenous division of labour that existing institutions help form. The first book in the series examined this problem deeply, resorting minimally to formal mathematical modelling; the second volume is where the formal modelling blossoms. General equilibrium theory meets network theory and receives a breath of fresh air, including a new viewpoint on economic inequality, the newly resurgent bane of capitalism. What I said for the first volume applies to this second volume equally: if you care to understand the economy, this book belongs to your bookshelf.’ —Dimitrios Diamantaras, Temple University, Philadelphia, USA This textbook introduces and develops new tools to understand the recent economic crisis and how desirable economic policies can be adopted. Gilles provides new institutional concepts for wealth creation, such as network economies, which are based on the social division of labour. This second volume introduces mathematical theories of the endogenous formation of social divisions of labour through which economic wealth is created. Gilles also investigates the causes of inequality in the social division of labour under imperfectly competitive conditions. These theories frame a comprehensive, innovative and consistent perspective on the functioning of the twenty-first century global economy, explaining many of its failings. Suitable reading for advanced undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory and political economy.

The Oxford Handbook of the Economics of Networks

Author : Yann Bramoullé
Publisher : Oxford University Press
ISBN 13 : 0199948275
Total Pages : 857 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis The Oxford Handbook of the Economics of Networks by : Yann Bramoullé

Download or read book The Oxford Handbook of the Economics of Networks written by Yann Bramoullé and published by Oxford University Press. This book was released on 2016 with total page 857 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of the Economics of Networks represents the frontier of research into how and why networks they form, how they influence behavior, how they help govern outcomes in an interactive world, and how they shape collective decision making, opinion formation, and diffusion dynamics. From a methodological perspective, the contributors to this volume devote attention to theory, field experiments, laboratory experiments, and econometrics. Theoretical work in network formation, games played on networks, repeated games, and the interaction between linking and behavior is synthesized. A number of chapters are devoted to studying social process mediated by networks. Topics here include opinion formation, diffusion of information and disease, and learning. There are also chapters devoted to financial contagion and systemic risk, motivated in part by the recent financial crises. Another section discusses communities, with applications including social trust, favor exchange, and social collateral; the importance of communities for migration patterns; and the role that networks and communities play in the labor market. A prominent role of networks, from an economic perspective, is that they mediate trade. Several chapters cover bilateral trade in networks, strategic intermediation, and the role of networks in international trade. Contributions discuss as well the role of networks for organizations. On the one hand, one chapter discusses the role of networks for the performance of organizations, while two other chapters discuss managing networks of consumers and pricing in the presence of network-based spillovers. Finally, the authors discuss the internet as a network with attention to the issue of net neutrality.

Regional Integration and Poverty

Author : Dirk Willem te Velde
Publisher : Routledge
ISBN 13 : 1351905481
Total Pages : 316 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Regional Integration and Poverty by : Dirk Willem te Velde

Download or read book Regional Integration and Poverty written by Dirk Willem te Velde and published by Routledge. This book was released on 2017-05-15 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relatively little is known about how regional integration affects poverty. Many suggest that increased investment would be one of the benefits of agreeing on regional integration provisions but this has not been put to the empirical test for South-South integration. This volume examines the channels through which regional integration affects poverty and empirically analyzes the effects on foreign direct investment.