The Resilience of FDI to Natural Disasters Through Industrial Linkages
研究外国跨国公司在自然灾害中是否表现出韧性，通过模型分析发现，与当地供应商紧密联系且进口中间品贸易成本低的跨国公司更可能留在东道国。
Abstract When do multinationals show resilience during natural disasters? To answer this, we develop a simple model in which foreign multinationals and local firms in the host country are interacted through input-output linkages. When natural disasters seriously hit local firms and thus increase the cost of sourcing local intermediate inputs, most multinationals may leave the host country. However, they are likely to stay if they are tightly linked with local suppliers and face low trade costs of importing foreign intermediates. We further provide a number of extensions of the basic model to incorporate, for example, multinationals with heterogeneous productivity and disaster reconstruction.