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The Margins of U.S. Trade (Long Version)

  • Andrew B. Bernard
  • J. Bradford Jensen
  • Stephen J. 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 U.S. trade statistics to provide a broad overview of how the margins of trade contribute to variation in U.S. 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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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 14662.

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Date of creation: Jan 2009
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Publication status: published as Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2009. "The Margins of US Trade," American Economic Review, American Economic Association, vol. 99(2), pages 487-93, May.
Handle: RePEc:nbr:nberwo:14662
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