Li Haishi | Cross - border Production and Global Shock Transmission in the 2008 Great Recession

Recently, the 2020 Academic Symposium on International Trade Disputes and the Reconstruction of Globalization jointly organized by the Center for International Finance and Economics Research (CIFER) of the National Institute of Financial Research at Tsinghua University and the Cross - border Digital Capital Research Center (IDC) of the Institute of Fintech at Tsinghua University (2020 International Conference on US - China Trade Disputes and Reforms in Globalization) was successfully held online.Doctoral candidate in economics at the University of ChicagoLi Haishiattended and shared his mainarticle titled "Transnational Production and the Propagation of Global Shocks in the 2008 Great Recession".

Li Haishi, a doctoral candidate in economics at the University of Chicago (PhD candidate on the job market). His main research fields are international trade and international macroeconomics. His research results have been published in the international economics journal (Journal of International Economics), the real estate economics journal (Journal of Real Estate Economics).

Li Haishi

Lu Wenzhuo

Lu Wenzhuo, an assistant professor at Wang Yanan Institute for Studies in Economics, Xiamen University, believes that this is a very interesting study. It not only has important viewpoints, well - founded empirical research and solid theoretical analysis, but also reaches clear conclusions. After briefly summarizing the content of the article, Teacher Lu put forward the following suggestions: First, the definition of MP is not clear enough. It is recommended to give a clear definition at the beginning of the article. Second, there is no specific research and analysis on relative productive shocks in this article. Therefore, whether it is necessary to introduce it is questionable and more in - depth research is needed. Third, if the shocks specific to multinational corporations are ignored, will there be errors in the welfare analysis estimation? More policy impacts can be considered. For example, trade agreements have led to a decrease in resource and sales frictions.

Special Forum on Globalization and Corporate BehaviorParticipating guests and scholars