Multi-product exporters, carry-along trade and the margins of trade
Abstract
New empirical and theoretical work has highlighted the importance of multi-product firms in international trade ows. We examine multi-product exporters in the small open economy of Belgium, considering their importance and the relationship between the margins of trade and firm productivity, both across firms and within firms over time. In addition, we employ proxies for trade costs to quantify the extensive and intensive margin adjustments of trade. Linking production and export data at the firm-product level, we discover new and, heretofore, unknown facts about multi-product manufacturing exporters. The large majority of Belgian manufacturing firms export products that they do not produce. More than three quarters of the exported products and more than one quarter of export value from Belgian manufacturers are in goods that are not produced by the rm, so-called Carry-Along Trade (CAT). CAT exports are concentrated in the largest and most productive rms and the value of CAT exports responds di¤erently to variation in firm productivity and trade costs than does the export value of goods that the firm produces.Download Info
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Paper provided by Katholieke Universiteit Leuven in its series Open Access publications from Katholieke Universiteit Leuven with number urn:hdl:123456789/382740.Length:
Date of creation: 2010
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Handle: RePEc:ner:leuven:urn:hdl:123456789/382740
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- Bernard, Andrew B & Van Beveren, Ilke & Vandenbussche, Hylke, 2010. "Multi-product exporters, carry-along trade and the margins of trade," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/386402, Katholieke Universiteit Leuven.
- Bernard, Andrew B & Van Beveren, Ilke & Vandenbussche, Hylke, 2010. "Multi-product exporters, carry-along trade and the margins of trade," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/387848, Katholieke Universiteit Leuven.
- Bernard, Andrew B & Van Beveren, Ilke & Vandenbussche, Hylke, 2010. "Multi-product exporters, carry-along trade and the margins of trade," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/381952, Katholieke Universiteit Leuven.
- Andrew B. Bernard & Ilke Van Beveren & Hylke Vandenbussche, 2010. "Multi-product exporters, carry-along trade and the margins of trade," Working Paper Research 203, National Bank of Belgium.
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Italo Colantone & Rosario Crinò, 2011. "New Imported Inputs, New Domestic Products," Development Working Papers 312, Centro Studi Luca d\'Agliano, University of Milano.
- Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2012.
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12-18, Center for Economic Studies, U.S. Census Bureau.
- Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2012. "The Empirics of Firm Heterogeneity and International Trade," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 283-313, 07.
- Bernard, Andrew B. & Jensen, J Bradford & Redding, Stephen J. & Schott, Peter K., 2011. "The Empirics of Firm Heterogeneity and International Trade," CEPR Discussion Papers 8677, C.E.P.R. Discussion Papers.
- Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2011. "The Empirics of Firm Heterogeneity and International Trade," CEP Discussion Papers dp1084, Centre for Economic Performance, LSE.
- Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2011. "The Empirics of Firm Heterogeneity and International Trade," NBER Working Papers 17627, National Bureau of Economic Research, Inc.
- Francesco DI COMITE & Jacques-François THISSE & Hylke VANDENBUSSCHE, 2011.
"Verti-zontal Differentiation in Monopolistic Competition,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
2011046, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Francesco Di Comite & Jean-François Thisse & Hylke Vandenbussche, 2011. "Vert-zonal Differentiation in Monopolistic Competition," LICOS Discussion Papers 30011, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
- Francesco Di Comite & Jacques-François Thisse & Hylke Vandenbussche, 2011. "Verti-zontal differentiation in monopolistic competition," Working Paper Research 216, National Bank of Belgium.
- Di Comite, Francesco & Thisse, Jacques-François & Vandenbussche, Hylke, 2012. "Verti-zontal Differentiation in Monopolistic Competition," CEPR Discussion Papers 8752, C.E.P.R. Discussion Papers.
- Di Comite, Francesco & Thisse, Jean-François & Vandenbussche, Hylke, 2012. "Verti-zontal Differentiation in Monopolistic Competition," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/343961, Katholieke Universiteit Leuven.
- Francesco Di Comite & Jacques-François Thisse & Hylke Vandenbussche, 2011. "Verti-zontal Differentiation in Monopolistic Competition," Development Working Papers 322, Centro Studi Luca d\'Agliano, University of Milano, revised 17 Oct 2011.
- Abraham, Filip & Van Hove, Jan, 2010. "Can Belgian firms cope with the Chinese dragon and Asian tigers? The export performance of multi-product firms on foreign markets," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/330214, Katholieke Universiteit Leuven.
- Emanuele Forlani, 2012.
"Irish firms’ productivity and Imported Inputs,"
DEM Working Papers Series
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- FORLANI, Emanuele, 2010. "Irish firms' productivity and imported inputs," CORE Discussion Papers 2010015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Catherine Fuss & Linke Zhu, 2012. "Comparative advantage, multi-product firms and trade liberalisation : An empirical test," Working Paper Research 219, National Bank of Belgium.
- E. Dhyne & L. Dresse & C. Fuss & Ch. Piette, 2011. "Behaviour of Belgian firms in the context of globalisation : lessons from the conference on “International Trade : Threats and Opportunities in a Globalised World”," Economic Review, National Bank of Belgium, issue I, pages 73-88, June.
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