Replication data for: Firms' Internal Networks and Local Economic Shocks
Principal Investigator(s): View help for Principal Investigator(s) Xavier Giroud; Holger M. Mueller
Version: View help for Version V1
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Project Citation:
Giroud, Xavier, and Mueller, Holger M. Replication data for: Firms’ Internal Networks and Local Economic Shocks. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116191V1
Project Description
Summary:
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Using confidential establishment-level data from the US Census Bureau's Longitudinal Business Database, this paper documents how local shocks propagate across US regions through firms' internal networks of establishments. Consistent with a model of optimal within-firm resource allocation, we find that establishment-level employment is sensitive to shocks in distant regions in which the establishment's parent firm is operating, and that the elasticity with respect to such shocks increases with the firm's financial constraint. At the aggregate regional level, we find that aggregate county-level employment is sensitive to shocks in distant counties linked through firms' internal networks.
Scope of Project
JEL Classification:
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D22 Firm Behavior: Empirical Analysis
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
L14 Transactional Relationships; Contracts and Reputation; Networks
L22 Firm Organization and Market Structure
R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
R32 Other Spatial Production and Pricing Analysis
D22 Firm Behavior: Empirical Analysis
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
L14 Transactional Relationships; Contracts and Reputation; Networks
L22 Firm Organization and Market Structure
R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
R32 Other Spatial Production and Pricing Analysis
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