Showing 1 - 10 of 2,599
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 … and joint ventures trade more and import more products from more source countries, but export fewer products to fewer …
Persistent link: https://www.econbiz.de/10013151367
We introduce quality differentiation and an extensive margin of products into a standard quantitative, general equilibrium model of international trade. Both the quality and the quantity of a product play a role in its contribution both to consumption and to production. The framework allows...
Persistent link: https://www.econbiz.de/10012865745
census of China's exports. Intermediaries account for around 20% of China's exports in 2005. This implies that many firms … their mode of export - either directly or indirectly through an intermediary. The model predicts that intermediaries will be …
Persistent link: https://www.econbiz.de/10013148373
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
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...
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 … exchange rate - but the relationships are not always precisely or robustly estimated. Chinese exports are generally well … sensitive to the treatment of time trends. Estimates of aggregate imports are more problematic. In many cases, Chinese aggregate …
Persistent link: https://www.econbiz.de/10013109870
The competitive shock to the U.S. manufacturing sector spurred by rising China import competition could either catalyze … analysis of the effect of surging import competition on U.S. innovative activities. Applying a novel internet-based matching … adjustment and for all measures of valuation suggest that the primary response of firms to greater import competition is to scale …
Persistent link: https://www.econbiz.de/10012978100
productivity and country-specific variables. In contrast to canonical export models where firm profits are additively separable …
Persistent link: https://www.econbiz.de/10013039758
This paper describes the updating of the NBER trade dataset, which now provides U.S. import and export values to the … years 1989-2001. Earlier CD-ROMs distributed by the NBER described data on U.S. imports and exports from 1972-1994, and …
Persistent link: https://www.econbiz.de/10013245505