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The margins of US trade

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

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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File URL: http://eprints.lse.ac.uk/33830/
File Function: Open access version.
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Paper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 33830.

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Date of creation: Jan 2009
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Publication status: Published in American Economic Review, January, 2009, 99(2), pp. 487-493. ISSN: 0002-8282
Handle: RePEc:ehl:lserod:33830
Contact details of provider: Postal: LSE Library Portugal Street London, WC2A 2HD, U.K.
Phone: +44 (020) 7405 7686
Web page: http://www.lse.ac.uk/

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