How do firms adjust when trade stops? Labor markets, industrial linkages, and macroeconomic effects
In this project, we investigate how firms adjust to sudden and unanticipated negative trade shocks. We explore a unique event when due to political reasons, unrelated to trade, the exporters of an emerging country have lost a major export market. Our rich firm-level data allows us to quantify the adjustment margins. ...
https://iems.ust.hk/research/project/2019/alminas-zaldokas-firms-adjust-trade-labor-markets-industrial-linkages-macroeconomic-effects