Propagation and Insurance in Village Networks
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Firms in developing countries are embedded in supply chains and labor networks. These linkages may propagate or attenuate shocks. Using panel data from Thai villages, we document three facts: as households facing idiosyncratic shocks adjust their production, these shocks propagate to other
发展中国家的企业嵌入供应链与劳动力网络之中。此类联结既可能传导冲击，亦可能削弱冲击的影响。本研究借助泰国乡村的面板数据，揭示了三项事实：当面临异质性冲击的家庭调整生产活动时，此类冲击会传导至其他
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美国国家经济研究局创建时间：
2020-11-01
