Trade disruptions in Europe: Evidence from the EIB Investment Survey 2022
com doc
Author
European Investment Bank
Harasztos, Peter
Brasili, Andrea
Date
2023-06Subject headings
Economics ; International trade ; Firm heterogeneity ; DisruptionsAbstract
Trade disruptions in Europe:
Evidence from the EIB Investment Survey 2022
Andrea Brasili – Peter Harasztosi
European Investment Bank
12 May 2023
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.
Number of pages
34p.Language
EnglishDescription
JEL: D21, F1, L23We would like to thank Christoph Weiss for his useful comments. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the European Investment Bank.
This is a publication of the EIB Economics Department.
QH-BK-23-003-EN-N
doi 10.2867/24420