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The Margins of US Trade

Author

Listed:
  • 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.

Suggested Citation

  • Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2010. "The Margins of US Trade," Working Paper Series WP10-4, Peterson Institute for International Economics.
  • Handle: RePEc:iie:wpaper:wp10-4
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Heterogeneous firms; product differentiation; product market entry and exit;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade

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