主讲人：何玉祯对外经济贸易大学助理教授
主持人：高翔纽约国际588888线路检测中心国际经贸学院博士
时 间：2019年06月18日 上午 09:00
地 点：纽约国际588888线路检测中心博识楼113
主讲人简介
何玉祯，助理教授，现就职于对外经济贸易大学全球价值链研究院。2016年毕业于美国乔治华盛顿大学，获经济学博士学位。主要研究方向为国际贸易，特别是与全球价值链有关的问题。曾就职世界银行任咨询顾问，以及经济合作与发展组织任经济学家。
报告摘要
There have been studies on the linkages through which the 2008 financial crisis originated from the U.S. spread to the real economy on a global scale; however, there is little evidence on the role of those linkages in subsequent recovery. This paper empirically examines the trade linkages that might have affected firm growth in 80 countries in both the 2008-2009 Great Recession and the 2010-2014 recovery years. We find that during recession, firms suffered more in industries with greater sensitivity to trade, particularly in countries more open to trade, while grew faster during recovery. We further check the role of trade linkages together with the severity of the financial shock by classifying firms as ones in countries experienced financial crisis or not. We find that the suffering of financial crisis mattered for the slower growth of firms with more trade exposure during both recession and recovery. On the contrary, the double-edged sword of trade linkages was more observable for firms in countries not experienced financial crisis.