Offshoring and Volatility: Evidence from Mexico's Maquiladora Industry
发现墨西哥马奎拉多产业中与美国离岸外包相关的就业波动是美国对应产业的两倍，且不能由墨西哥整体经济波动或产业规模差异解释。
This paper studies the second-moment properties of offshoring, the arrangement whereby firms carry out particular stages of production abroad. It documents a new empirical regularity: maquiladora industries in Mexico that are associated with US offshoring experience fluctuations in employment that are twice as volatile as the corresponding industries in the United States. This finding is not attributable simply to higher volatility in the overall Mexican economy, nor to the smaller size of Mexico's industries compared to US counterparts.