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The Margins of US Trade

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Author Info
Andrew B. Bernard
J. Bradford Jensen
Stephen Redding
Peter K. Schott

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Abstract

Recent research in international trade emphasizes the importance of firms' extensive margins forunderstanding overall patterns of trade as well as how firms respond to specific events such as tradeliberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview of howthe margins of trade contribute to variation in U.S. imports and exports across trading partners, typesof trade (i.e. arm's-length versus related-party) and both short and long time horizons. Among otherresults, we highlight the differential behaviour of related-party and arm's-length trade in response tothe 1997 Asian financial crisis.

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Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0906.

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Date of creation: Jan 2009
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Handle: RePEc:cep:cepdps:dp0906

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Related research
Keywords: Heterogeneous firms; Product differentiation; Product market entry and exit;

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Find related papers by JEL classification:
F1 - International Economics - - Trade

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  5. Andrew B. Bernard & Jonathan Eaton & J. Bradford Jensen & Samuel Kortum, 2003. "Plants and Productivity in International Trade," American Economic Review, American Economic Association, vol. 93(4), pages 1268-1290, September. [Downloadable!]
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  6. Thomas Chaney, 2008. "Distorted Gravity: The Intensive and Extensive Margins of International Trade," American Economic Review, American Economic Association, vol. 98(4), pages 1707-21, September. [Downloadable!]
  7. Sanghamitra Das & Mark J. Roberts & James R. Tybout, 2007. "Market Entry Costs, Producer Heterogeneity, and Export Dynamics," Econometrica, Econometric Society, vol. 75(3), pages 837-873, 05. [Downloadable!] (restricted)
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  8. Jonathan Eaton & Samuel Kortum & Francis Kramarz, 2008. "An Anatomy of International Trade: Evidence from French Firms," NBER Working Papers 14610, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  9. Mary Amiti & Donald R. Davis, 2008. "Trade, Firms, and Wages: Theory and Evidence," NBER Working Papers 14106, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  10. Christian Broda & David E. Weinstein, 2006. "Globalization and the Gains from Variety," The Quarterly Journal of Economics, MIT Press, vol. 121(2), pages 541-585, May. [Downloadable!] (restricted)
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  11. Carsten Eckel & J Peter Neary, 2006. "Multi-Product Firms and Flexible Manufacturing in the Global Economy," Working Papers 200608, School Of Economics, University College Dublin. [Downloadable!]
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  12. Davis, Steven J & Haltiwanger, John C, 1992. "Gross Job Creation, Gross Job Destruction, and Employment Reallocation," The Quarterly Journal of Economics, MIT Press, vol. 107(3), pages 819-63, August. [Downloadable!] (restricted)
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  13. Rasmus Lentz & Dale T. Mortensen, 2005. "Productivity Growth And Worker Reallocation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 731-749, 08. [Downloadable!] (restricted)
  14. Hiroyuki Kasahara & Beverly Lapham, 2008. "Productivity and the Decision to Import and Export: Theory and Evidence," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. T.Huw Edwards, 2009. "Globalisation as a ‘good times’ phenomenon: a search-based explanation," Discussion Paper Series 2009_07, Department of Economics, Loughborough University, revised Jun 2009. [Downloadable!]
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This page was last updated on 2009-11-18.

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