Resilience of Japanese Multinational Enterprise Production Networks during the COVID-19 Pandemic

IF 5.3 3区经济学 Q1 ECONOMICS

Asian Economic Papers Pub Date : 2024-01-08 DOI:10.1162/asep_a_00879

Licheng Liang

引用次数: 0

Abstract

We use COVID-19 as an exogenous shock to analyze the impact of the COVID-19 pandemic on Japanese multinational affiliates’ performance, determining that the pandemic adversely impacted performance in general, but severe disruptions did not last longer than one year. The COVID-19 shock also affected global transaction networks, and affiliates’ total sales were severely affected by procurement challenges. Regarding heterogeneous effects, affiliates actively engaged in trade experienced worse conditions than local-oriented firms. Finally, we explore whether and which local backward linkages could mitigate such shocks, concluding that affiliates’ local procurement from companies beyond only Japanese firms could gain resilience.

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日本跨国企业生产网络在 COVID-19 大流行期间的复原力

我们使用 COVID-19 作为外生冲击，分析 COVID-19 大流行对日本跨国公司关联公司业绩的影响，结果发现，大流行对总体业绩产生了不利影响，但严重干扰持续时间不超过一年。COVID-19 的冲击也影响了全球交易网络，联营公司的销售总额受到采购挑战的严重影响。在异质性效应方面，积极从事贸易的联营公司比以本地为主的公司经历了更糟糕的状况。最后，我们探讨了当地的后向联系是否以及哪些后向联系可以缓解这种冲击，得出的结论是，联营公司从日本公司以外的公司进行当地采购可以获得抗冲击能力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Economic Papers ECONOMICS-

CiteScore

7.50

自引率

0.00%

发文量

期刊介绍： The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.