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The Margins of US Trade
Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen; … - Centre for Economic Performance, LSE - 2009
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...
Persistent link: https://www.econbiz.de/10005510410
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Factor Price Equalization in the UK?
Bernard, Andrew B.; Redding, Stephen; Schott, Peter K.; … - Centre for Economic Performance, LSE - 2002
This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region- industry factor quality differences and variation in production technology across industries. We test relative factor price equalization across...
Persistent link: https://www.econbiz.de/10005017180
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Intermediaries in International Trade: Direct Versus Indirect Modes of Export
Bernard, Andrew B.; Grazzi, Marco; Tomasi, Chiara - Centre for Economic Performance, LSE - 2012
volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing … environment and product- specific factors play important roles in explaining the existence of export intermediaries. These … export intermediaries to overcome country and product fixed costs means that they can more easily respond along the extensive …
Persistent link: https://www.econbiz.de/10010535359
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A Many-Country Model of Industrialization
Breinlich, Holger; Cuñat, Alejandro - Centre for Economic Performance, LSE - 2011
We draw attention to the role of economic geography in explaining important cross-sectional facts which are difficult to account for in existing models of industrialization. By construction, closed-economy models that stress the role of local demand in generating sufficient expenditure on...
Persistent link: https://www.econbiz.de/10009323008
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The Empirics of Firm Heterogeneity and International Trade
Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen J. - Centre for Economic Performance, LSE - 2011
multi-product firms, offshoring, intra-firm trade and firm export market dynamics. …
Persistent link: https://www.econbiz.de/10009352260
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Heterogeneous Firm-Level Responses to Trade Liberalisation: A Test Using Stock Price Reactions
Breinlich, Holger - Centre for Economic Performance, LSE - 2011
This paper presents novel empirical evidence on key predictions of heterogeneous firm models by examining stock market reactions to the Canada-United States Free Trade Agreement of 1989 (CUSFTA). Using the uncertainty surrounding the agreement's ratification, I show that the pattern of abnormal...
Persistent link: https://www.econbiz.de/10009359513
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Service Traders in the UK
Breinlich, Holger; Criscuolo, Chiara - Centre for Economic Performance, LSE - 2008
show that most firms only export or import a single service type and trade with a small number of countries. Trade volume … are a number of noteworthy exceptions. Interestingly, trade is also concentrated within .rms. The top export and import …
Persistent link: https://www.econbiz.de/10005796114
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Survival of the Best Fit: Exposure to Low-Wage Countries and the (Uneven) Growth of U.S. Manufacturing Plants
Bernard, Andrew B.; Jensen, J. Bradford; Schott, Peter K. - Centre for Economic Performance, LSE - 2003
This paper examines the role of international trade in the reallocation of U.S. manufacturing activity within and across industries from 1977 to 1997. It introduces a new measure of industry exposure to international trade, motivated by the Heckscher-Ohlin model, which focuses on where imports...
Persistent link: https://www.econbiz.de/10005796125
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Relative Wage Variation and Industry Location
Bernard, Andrew B.; Redding, Stephen; Schott, Peter K.; … - Centre for Economic Performance, LSE - 2004
Relative wages vary considerably across regions of the United Kingdom, with skill-abundantregions exhibiting lower skill premia than skill-scarce regions. This paper shows that thelocation of economic activity is correlated with the variation in relative wages. U.K. regionswith low skill premia...
Persistent link: https://www.econbiz.de/10005796141
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Wholesalers and Retailers in U.S. Trade (Long Version)
Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen; … - Centre for Economic Performance, LSE - 2010
International trade models typically assume that producers in one country trade directly with final consumers in another. In reality, of course, trade can involve long chains of potentially independent actors who move goods through wholesale and retail distribution networks. These networks...
Persistent link: https://www.econbiz.de/10008542761