We provide systematic evidence that intermediaries play an important role in facilitating trade using a firm-level the … engage in trade without directly exporting products. We modify a heterogeneous firm model so that firms endogenously select … their mode of export - either directly or indirectly through an intermediary. The model predicts that intermediaries will be …

The rise of China in world trade has brought both benefits and anxiety to other economies. For many policy questions … processing trade is pervasive. We propose a method for computing domestic and foreign contents that allows for processing trade …

export structure. On the other hand, processing trade, foreign invested firms, and government-sponsored high-tech zones all … different cities within China, this paper investigates the contributing factors to China's rising export sophistication …. Somewhat surprisingly, neither processing trade nor foreign invested firms are found to play an important role in generating …

context of international trade. An influential hypothesis states that export pioneers are too few relative to social optimum …

unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a … variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which … a smaller trade effect than other currency unions; it has a mildly stimulating effect at best. Third and most …

-trivial way to allocate bilateral intermediate trade flows into their final destinations of absorption. We present the …

value-added components by source and additional double counted terms. By identifying which parts of the official trade data … are double counted and the sources of the double counting, it bridges official trade (in gross value terms) and national … specialization and value-added trade in the literature into a unified framework. To illustrate the potential of such a method, we …

alleviate the impact of domestic financial market imperfections on aggregate growth, trade and private sector development …This paper provides firm-level evidence that credit constraints restrict international trade flows and affect the … ventures have better export performance than private domestic firms in financially more vulnerable sectors. These results are …