result, validated on Italian firm-level trade data, is consistent with productivity sorting in the export mode and with the … intermediary export flows to a given destination react to exchange rate movements along the extensive margin of adjustment …

trade. In particular, we account for the possibility that firms can not only export their products, but also internationally … than those resorting to an export intermediary, while the latter are less productive than producers which export directly …

countries. The model highlights how imports from a specific country affects a firm's decision to export to that country (the … extensive margin), as well as its export value (the intensive margin). The model shows that the effect of both distance and … market size on the export margins is magnified when imports in intermediates are accounted for. Indeed, to the extent that …