{"title":"人口转型与全球采购:来自中国的企业层面证据","authors":"Jie Li, Yaohui Zhao, Yangming Bao","doi":"10.1016/j.econmod.2025.107130","DOIUrl":null,"url":null,"abstract":"<div><div>The study investigates how local population aging impacts firms’ global sourcing strategies. Using data on Chinese listed manufacturing firms from 2002 to 2016, we find that firms significantly increase their import activities—particularly for intermediate inputs—when local population ages. Further analyses indicate that labor market challenges and intensified competition are key mechanisms driving this response. Moreover, global sourcing emerges as an effective adaptation strategy, evidenced by improved financial performance. These findings offer new insights into how firms mitigate labor market challenges posed by aging demographics by leveraging global sourcing.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"150 ","pages":"Article 107130"},"PeriodicalIF":4.2000,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Demographic transitions and global sourcing: Firm-level evidence from China\",\"authors\":\"Jie Li, Yaohui Zhao, Yangming Bao\",\"doi\":\"10.1016/j.econmod.2025.107130\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>The study investigates how local population aging impacts firms’ global sourcing strategies. Using data on Chinese listed manufacturing firms from 2002 to 2016, we find that firms significantly increase their import activities—particularly for intermediate inputs—when local population ages. Further analyses indicate that labor market challenges and intensified competition are key mechanisms driving this response. Moreover, global sourcing emerges as an effective adaptation strategy, evidenced by improved financial performance. These findings offer new insights into how firms mitigate labor market challenges posed by aging demographics by leveraging global sourcing.</div></div>\",\"PeriodicalId\":48419,\"journal\":{\"name\":\"Economic Modelling\",\"volume\":\"150 \",\"pages\":\"Article 107130\"},\"PeriodicalIF\":4.2000,\"publicationDate\":\"2025-05-08\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economic Modelling\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0264999325001257\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Modelling","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0264999325001257","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
Demographic transitions and global sourcing: Firm-level evidence from China
The study investigates how local population aging impacts firms’ global sourcing strategies. Using data on Chinese listed manufacturing firms from 2002 to 2016, we find that firms significantly increase their import activities—particularly for intermediate inputs—when local population ages. Further analyses indicate that labor market challenges and intensified competition are key mechanisms driving this response. Moreover, global sourcing emerges as an effective adaptation strategy, evidenced by improved financial performance. These findings offer new insights into how firms mitigate labor market challenges posed by aging demographics by leveraging global sourcing.
期刊介绍:
Economic Modelling fills a major gap in the economics literature, providing a single source of both theoretical and applied papers on economic modelling. The journal prime objective is to provide an international review of the state-of-the-art in economic modelling. Economic Modelling publishes the complete versions of many large-scale models of industrially advanced economies which have been developed for policy analysis. Examples are the Bank of England Model and the US Federal Reserve Board Model which had hitherto been unpublished. As individual models are revised and updated, the journal publishes subsequent papers dealing with these revisions, so keeping its readers as up to date as possible.