登入選單

返回Google圖書搜尋

Nobody's Gonna Slow Me Down? The Effects of a Transportation Cost Shock on Firm Performance and Behavior

Catarina BrancoDirk C. DohseJoão Pereira dos Santos

出版	RWI Leibniz-Institut für Wirtschaftsforschung, 2022
ISBN	39697311279783969731123
URL	http://books.google.com.hk/books?id=hQdSzwEACAAJ&hl=&source=gbs_api

註釋

This paper takes a deep and comprehensive look into the firm-level behavioral reactions to a massive transportation cost shock. Exploiting rich data encompassing the universe of Portuguese private firms and a natural experiment we find that the introduction of tolls on previously toll-free highways caused a substantial decrease of turnover and firm profits. In response to the tolls, firms reduced expenses, cutting employment-related expenses and purchases of other inputs in a similar magnitude. Labor costs were reduced by employment cuts rather than by wage cuts. We find evidence for increased firm exit in treated municipalities, but not for increased re-location.