Publication:
The Aggregate Effects of Global and Local Supply Chain Disruptions 2020–2022

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dc.contributor.authorAlessandria, George
dc.contributor.authorKhan, Shafaat Yar
dc.contributor.authorKhederlarian, Armen
dc.contributor.authorMix, Carter
dc.contributor.authorRuhl, Kim J.
dc.date.accessioned2023-02-16T14:28:16Z
dc.date.accessioned2023-03-06T16:07:26Z
dc.date.available2023-02-16T14:28:16Z
dc.date.available2023-03-06T16:07:26Z
dc.date.issued2023-02
dc.description.abstractThis paper studies the aggregate effects of supply chain disruptions in the post-pandemic period in a heterogeneous-firm, general equilibrium model with input-output linkages and a rich set of supply chain frictions: uncertain shipping delays, fixed order costs, and storage costs. Firms optimally hold inventories that depend on the source of sup- ply, domestic or imported. Increases in shipping times are contractionary, raise prices, and increase stockouts, particularly for goods intensive in delayed inputs. These effects are larger when inventories are already at low levels. The paper fits the model to the United States and global economies over 2020|2022 and estimates large aggregate effects of supply disruptions. The model predicts that the boost in output from reducing delays will be smaller than the contraction from the waning effects of stimulus.en
dc.identifierhttp://documents.worldbank.org/curated/en/099358202132331977/IDU04fa983470a55e045cf086ea01ed3050976da
dc.identifier.doi10.1596/1813-9450-10303
dc.identifier.urihttps://hdl.handle.net/10986/39445
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers;10303
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSUPPLY CHAIN
dc.subjectSHIPPING DELAYS
dc.subjectCOVID-19 PANDEMIC IMPACT
dc.subjectSUPPLY CHAIN FRICTION
dc.subjectWAINING STIMULUS EFFECTS
dc.subjectINPUT-OUTPUT STRUCTURE
dc.subjectSUPPLY CHAIN DISRUPTION
dc.titleThe Aggregate Effects of Global and Local Supply Chain Disruptions 2020–2022en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleThe Aggregate Effects of Global and Local Supply Chain Disruptions: 2020–2022
okr.date.disclosure2023-02-13
okr.date.doiregistration2025-04-10T11:22:00.251718Z
okr.date.lastmodified2023-02-13T00:00:00Zen
okr.doctypeWorking Papers
okr.doctypeWorking Papers::Policy Research Working Papers
okr.docurlhttp://documents.worldbank.org/curated/en/099358202132331977/IDU04fa983470a55e045cf086ea01ed3050976da
okr.guid099358202132331977
okr.identifier.doi10.1596/1813-9450-10303
okr.identifier.externaldocumentumIDU-4fa98347-a55e-45cf-86ea-1ed3050976da
okr.identifier.internaldocumentum34001266
okr.identifier.reportWPS10303
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099358202132331977/pdf/IDU04fa983470a55e045cf086ea01ed3050976da.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.geographicalEast Asia
okr.topicIndustry::General Manufacturing
okr.topicInternational Economics and Trade::Trade and Transport
okr.topicHealth, Nutrition and Population::SARS
okr.topicPrivate Sector Development::Global Value Chains and Business Clustering
okr.unitEAP Chief Economist Unit (EAPCE)
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