The Aggregate Effects of Global and Local Supply Chain Disruptions: 2020-2022
This paper studies the aggregate effects of supply chain disruptions in the post-pandemic period in a heterogeneous-firm, general equilibrium model with input-output linkages and a rich set of supply chain frictions: uncertain shipping delays, fixed order costs, and storage costs. Firms optimally ho...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2023
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| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper studies the aggregate effects of supply chain disruptions in the post-pandemic period in a heterogeneous-firm, general equilibrium model with input-output linkages and a rich set of supply chain frictions: uncertain shipping delays, fixed order costs, and storage costs. Firms optimally hold inventories that depend on the source of sup- ply, domestic or imported. Increases in shipping times are contractionary, raise prices, and increase stockouts, particularly for goods intensive in delayed inputs. These effects are larger when inventories are already at low levels. The paper fits the model to the United States and global economies over 2020|2022 and estimates large aggregate effects of supply disruptions. The model predicts that the boost in output from reducing delays will be smaller than the contraction from the waning effects of stimulus |
| Beschreibung: | 1 Online-Ressource (53 Seiten) |
| DOI: | 10.1596/1813-9450-10303 |
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| 100 | 1 | |a Alessandria, George |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The Aggregate Effects of Global and Local Supply Chain Disruptions |b 2020-2022 |c George Alessandria |
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| 520 | 3 | |a This paper studies the aggregate effects of supply chain disruptions in the post-pandemic period in a heterogeneous-firm, general equilibrium model with input-output linkages and a rich set of supply chain frictions: uncertain shipping delays, fixed order costs, and storage costs. Firms optimally hold inventories that depend on the source of sup- ply, domestic or imported. Increases in shipping times are contractionary, raise prices, and increase stockouts, particularly for goods intensive in delayed inputs. These effects are larger when inventories are already at low levels. The paper fits the model to the United States and global economies over 2020|2022 and estimates large aggregate effects of supply disruptions. The model predicts that the boost in output from reducing delays will be smaller than the contraction from the waning effects of stimulus | |
| 650 | 4 | |a COVID-19 Pandemic Impact | |
| 650 | 4 | |a Industry | |
| 650 | 4 | |a Input-Output Structure | |
| 650 | 4 | |a International Economics and Trade | |
| 650 | 4 | |a Shipping Delays | |
| 650 | 4 | |a Supply Chain | |
| 650 | 4 | |a Supply Chain Disruption | |
| 650 | 4 | |a Supply Chain Friction | |
| 650 | 4 | |a Trade and Transport | |
| 650 | 4 | |a Waining Stimulus Effects | |
| 700 | 1 | |a Khan, Shafaat Yar |e Sonstige |4 oth | |
| 700 | 1 | |a Khederlarian, Armen |e Sonstige |4 oth | |
| 700 | 1 | |a Mix, Carter |e Sonstige |4 oth | |
| 700 | 1 | |a Ruhl, Kim J. |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Alessandria, George |t The Aggregate Effects of Global and Local Supply Chain Disruptions: 2020-2022 |d Washington, D.C. : The World Bank, 2023 |
| 856 | 4 | 0 | |u https://doi.org/10.1596/1813-9450-10303 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-034341205 | |
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/1813-9450-10303 |
| format | Electronic eBook |
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| id | DE-604.BV049079314 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:55Z |
| indexdate | 2024-10-12T04:02:46Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (53 Seiten) |
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| spellingShingle | Alessandria, George The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 COVID-19 Pandemic Impact Industry Input-Output Structure International Economics and Trade Shipping Delays Supply Chain Supply Chain Disruption Supply Chain Friction Trade and Transport Waining Stimulus Effects |
| title | The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 |
| title_auth | The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 |
| title_exact_search | The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 |
| title_exact_search_txtP | The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 |
| title_full | The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 George Alessandria |
| title_fullStr | The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 George Alessandria |
| title_full_unstemmed | The Aggregate Effects of Global and Local Supply Chain Disruptions 2020-2022 George Alessandria |
| title_short | The Aggregate Effects of Global and Local Supply Chain Disruptions |
| title_sort | the aggregate effects of global and local supply chain disruptions 2020 2022 |
| title_sub | 2020-2022 |
| topic | COVID-19 Pandemic Impact Industry Input-Output Structure International Economics and Trade Shipping Delays Supply Chain Supply Chain Disruption Supply Chain Friction Trade and Transport Waining Stimulus Effects |
| topic_facet | COVID-19 Pandemic Impact Industry Input-Output Structure International Economics and Trade Shipping Delays Supply Chain Supply Chain Disruption Supply Chain Friction Trade and Transport Waining Stimulus Effects |
| url | https://doi.org/10.1596/1813-9450-10303 |
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