Reallocation of Intermediate Inputs and Export Stability
In the context of escalating external uncertainty,the stability of exporting firms in the face of exoge-nous demand shocks is pivotal for their own survival and growth,as well as for macroeconomic stability. This pa-per employs the concept of input linkages to analyze firms' advantages of reallocating intermediate inputs among ex-isting industries and their potential advantages of reallocating existing intermediate inputs to new industries,and in-vestigates how they impact the export stability of firms when faced with demand shocks. The results uncover that the advantages of input reallocation among existing industries enhance the resilience of these industries to negative shocks. It also enables firms to adjust their industry structure of export and recover faster. The potential advantages of input reallocation empower firms to shift their export focus towards new industry products,eliminate a portion of their existing capacity,optimize their export structure to accommodate new demand markets,and thereby alleviate the negative influence of demand shocks on their export status and scale.
万方数据
维普
