This study aims to empirically analyse the impact of external shocks (trade and FDI) on French firms in terms of employment, productivity and bankruptcies. Three main areas are considered. First, the learning effects via exports and FDI: understanding why exporters are more productive, studying their self-selection process, and the channels involved (competition, technology transfer, global chains). Second, measuring the effect of recent shocks (trade war, Brexit, pandemic, Ukraine, Chinese restrictions, US taxes) on prices, production, wages, business bankruptcies, and the transmission of these shocks according to their nature. Finally, studying the reallocation of employees following an external shock, particularly Chinese competition, by examining their choice of sector and company, as well as the effects on wages according to local labor market dynamics.
Effects of external shocks on French firms and employment
Data provided through CASD (30)
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