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BEGIN:VEVENT
DTSTAMP:20260405T232033Z
DTSTART;VALUE=DATE-TIME:20230517T130000
DTEND;VALUE=DATE-TIME:20230517T140000
SUMMARY:CAGE-AMES Workshop - Alejandra Martinez Cubilios (PGR)
TZID:Europe/London
UID:20230517-8a17841a880086de01881e9dfe3f1816@warwick.ac.uk
CREATED:20230515T085442Z
DESCRIPTION:What affects the survival of trade relationships? Evidence fr
 om road disruptions in Colombia With climate change\, weather patterns l
 ike El Niño Southern Oscillation (ENSO) are becoming more persistent and
  disruptive. It is crucial to understand how to adapt to extreme weather
  shocks. This paper investigates how extreme weather events can spread t
 hrough trade channels\, and it is the first one that focuses on the exte
 nsive margin of relationships. I use the rain season of La Niña in Colom
 bia during 2010-2011\, which caused major road closures that disrupted t
 he transportation of goods. I focus in the Colombian flower sector and i
 ts main export market\, the US. I find treated relationships exit less a
 fter the shock\, but within treatment\, links from larger and more conne
 cted exporters exit more relative to links with small and less-connected
  exporters. The shock also induced larger exporters to increase their ma
 tching after the shock relative to non-affected exporters. The empirical
  results point out that search frictions are a mechanism at play and the
  effect on firms varies depending on their size. In this sense\, replaci
 ng buyers might be more costly to small firms\, which explains the lower
  exit rates observed in the data\, but other mechanisms are needed to ex
 plain the different responses when considering different network sizes.
LOCATION:
CATEGORIES:CAGE-AMES Workshop
LAST-MODIFIED:20230515T085442Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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