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Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little 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...
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their mode of export - either directly or indirectly through an intermediary. The model predicts that intermediaries will be …
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"Between 1992 and 2002, the Japanese Import Price Index registered a decline of almost 9 percent and Japan entered a … period of deflation. We show that much of the correlation between import prices and domestic prices was due to formula biases …
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