Jensen, J. Bradford; Redding, Stephen James; Schott, … - National Bureau of Economic Research (NBER) - 2007
attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and … non-trading firms, demonstrates how these differences present a challenge to standard trade models and shows how recent … "heterogeneous-firm" models of international trade address these challenges. We then make use of transaction-level U.S. trade data to …