Bernard, Andrew B., Jensen, J. Bradford, Redding, Stephen and Schott, Peter K. (2009) The margins of US trade. CEP Discussion Papers, 906. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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Recent research in international trade emphasizes the importance of firms’ extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview of how the margins of trade contribute to variation in U.S. imports and exports across trading partners, types of trade (i.e. arm’s-length versus related-party) and both short and long time horizons. Among other results, we highlight the differential behaviour of related-party and arm’s-length trade in response to the 1997 Asian financial crisis.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2009 the authors|
|Library of Congress subject classification:||H Social Sciences > HF Commerce|
|Journal of Economic Literature Classification System:||F - International Economics > F1 - Trade|
|Sets:||Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
|Date Deposited:||14 Oct 2009 14:04|
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