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The Margins of US Trade

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  • Andrew B. Bernard

    ()
    (Dartmouth College)

  • J. Bradford Jensen

    ()
    (Peterson Institute for International Economics)

  • Stephen J. Redding

    ()
    (London School of Economics)

  • Peter K. Schott

    ()
    (Yale University)

Abstract

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

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Bibliographic Info

Paper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP10-4.

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Date of creation: May 2010
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Handle: RePEc:iie:wpaper:wp10-4

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Keywords: Heterogeneous firms; product differentiation; product market entry and exit;

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References

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