Nobody's gonna slow me down? The effects of a transportation cost shock on firm performance and behavior

被引：4

作者：

Branco, Catarina ^{[1
]}

Dohse, Dirk C. ^{[2
]}

dos Santos, Joao Pereira ^{[3
,4
]}

Tavares, Jose ^{[5
,6
]}

机构：

[1] Univ Nova Lisboa, Nova Sch Business & Econ, Campus Carcavelos,Rua Holanda 1, P-2775405 Carcavelos, Portugal

[2] Kiel Inst World Econ, Kiellinie 66, D-24105 Kiel, Germany

[3] Univ Lisbon, ISEG, Lisbon, Portugal

[4] RWI Leibniz Inst Econ Res, IZA Inst Lab Econ, REM UECE, Bonn, Germany

[5] Nova Sch Business & Econ, Lisbon, Portugal

[6] Ctr Econ Policy Res CEPR, London, England

来源：

JOURNAL OF URBAN ECONOMICS | 2023年 / 136卷

关键词：

Road tolls; Infrastructure; Firm performance; Firm behavior; Location; Portugal; AGGLOMERATION ECONOMIES; ROAD INFRASTRUCTURE; EMPIRICAL-EVIDENCE; LEVEL EVIDENCE; PRODUCTIVITY; TRADE; HIGHWAYS; EXPORTS; INVESTMENTS; IMPACT;

D O I：

10.1016/j.jue.2023.103569

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the firm-level responses to a substantial increase in transportation costs in the wake of a quasi -experiment that introduced tolls in a subset of Portuguese highways. Exploiting a unique dataset encompassing the universe of Portuguese private firms, we find that the introduction of tolls caused a substantial decrease in turnover (-10.2 %) and productivity ( -4.3%) in treated firms vis-a-vis firms in the comparison group. In response to the tolls, firms substantially cut employment-related expenses and purchases of other inputs. Labor costs were reduced by both employment cuts and a decrease in average wages. While firms did not increase inventory, there is some evidence for increased firm exit, in particular by firms in tradables sectors.

引用

页数：23