TY - UNPB
T1 - Horses for Courses: Measuring Foreign Supply Chain Exposure
AU - Baldwin, Richard
AU - Freeman, Rebecca
AU - Theodorakopoulos, Angelos
PY - 2022/9
Y1 - 2022/9
N2 - Perceptions of global supply chains (GSCs) have shifted in recent years from a positive to a more cautious view. Standard GSC measures have mostly not adapted to this change as they focus on participation in, rather than exposure to, foreign supply chains. This paper presents the tools necessary to track foreign GSC exposure, and introduces a systematic shocks approach to GSC indicator design. We use this to develop indicators that gauge the impact of a variety of foreign shocks. We argue that different indicators are appropriate to different questions and show that they can provide qualitatively different answers to the same foreign exposure question.
AB - Perceptions of global supply chains (GSCs) have shifted in recent years from a positive to a more cautious view. Standard GSC measures have mostly not adapted to this change as they focus on participation in, rather than exposure to, foreign supply chains. This paper presents the tools necessary to track foreign GSC exposure, and introduces a systematic shocks approach to GSC indicator design. We use this to develop indicators that gauge the impact of a variety of foreign shocks. We argue that different indicators are appropriate to different questions and show that they can provide qualitatively different answers to the same foreign exposure question.
UR - https://www.nber.org/papers/w30525
U2 - 10.3386/w30525
DO - 10.3386/w30525
M3 - Working paper
VL - 30525
T3 - National Bureau of Economic Research Working Paper Series
BT - Horses for Courses: Measuring Foreign Supply Chain Exposure
ER -