Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/278305 
Year of Publication: 
2023
Series/Report no.: 
ECB Working Paper No. 2766
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
This paper provides an analysis of the impact of the COVID-19 pandemic on exporting firms, focusing on the role of supply bottlenecks. Based on monthly transaction-level data for the universe of French exporters over the period January 2020-December 2021, we find that participation in global value chains increased firms' vulnerability to the COVID-19 shock, in terms of both export performance and probability of survival in the export market, the negative impact of supply disruptions being higher for relatively more downstream firms. At the same time, the results suggest that exporting firms benefited from sourcing of core inputs from different countries, supporting the hypothesis that diversification in global value chains fosters supply-chain resilience.
Subjects: 
Pandemic
Shock Transmission
Global Value Chains
Diversification
Upstreamness
JEL: 
D22
F14
F61
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-5505-8
Document Type: 
Working Paper

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