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This paper applies a novel empirical approach to characterising the horizontal-ness and vertical-ness of affiliates based on Yeaple's complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates' local sales share while their vertical-ness is measures as their share of...
Persistent link: https://www.econbiz.de/10013106310
about firm heterogeneity in trade. First, the bulk of exports and imports are captured by a few multi-product firms that … transact with a large number of countries. Second, the average importer imports more products than the average exporter exports … the growth in Chinese exports between 2003-2005 was driven by deepening and broadening of trade relationships by surviving …
Persistent link: https://www.econbiz.de/10013151367
equilibrium model of international trade. Both the quality and the quantity of a product play a role in its contribution both to … exporter size. But, unlike other contributions to the literature confronting these margins in international trade, our … consumption and to production. The framework allows bilateral trade to vary at the extensive and intensive margins and the …
Persistent link: https://www.econbiz.de/10012865745
engage in trade without directly exporting products. We modify a heterogeneous firm model so that firms endogenously select …We provide systematic evidence that intermediaries play an important role in facilitating trade using a firm-level the … census of China's exports. Intermediaries account for around 20% of China's exports in 2005. This implies that many firms …
Persistent link: https://www.econbiz.de/10013148373
Recent research in international trade emphasizes the importance of firms' extensive margins for understanding overall … U.S. trade statistics to provide a broad overview of how the margins of trade contribute to variation in U.S. imports … and exports across trading partners, types of trade (i.e., arm's-length versus related-party) and both short and long time …
Persistent link: https://www.econbiz.de/10012754934
attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and … quot;heterogeneous-firmquot; models of international trade address these challenges. We then make use of transaction …Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little …
Persistent link: https://www.econbiz.de/10012755384
the fact a substantial share of imports are subsequently incorporated into Chinese exports. We find that some of these …We find that Chinese trade flows respond to economic activity and relative prices - as represented by a trade weighted … exchange rate - but the relationships are not always precisely or robustly estimated. Chinese exports are generally well …
Persistent link: https://www.econbiz.de/10013109870
We use data on Chinese manufacturing firms to study the connection between individual firm imports and firm export … as instruments. Our regression results show that firms that expanded their intermediate input imports expanded the volume … of their exports and increased their export scope, though the magnitude of the effects differed by import source, firm …
Persistent link: https://www.econbiz.de/10013103048
instrumenting for imports using changes in Chinese imports by industry to other high-income countries. Rising exposure increases …
Persistent link: https://www.econbiz.de/10013106658
A recent literature has introduced heterogeneous firms into models of international trade. This literature has adopted … not hold in the data. We show how a standard heterogeneous-firm trade model can be amended to allow for only an integer … data on bilateral trade in manufactures among 92 countries and to firm-level export data for a much narrower sample shows …
Persistent link: https://www.econbiz.de/10013066573