The Margins of US Trade

Andrew B. Bernard (), J. Bradford Jensen (), Stephen James Redding and Peter K. Schott ()

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: Recent research in international trade emphasizes the importance of firms' extensive margins forunderstanding overall patterns of trade as well as how firms respond to specific events such as tradeliberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview of howthe margins of trade contribute to variation in U.S. imports and exports across trading partners, typesof trade (i.e. arm's-length versus related-party) and both short and long time horizons. Among otherresults, we highlight the differential behaviour of related-party and arm's-length trade in response tothe 1997 Asian financial crisis.

Keywords: Heterogeneous firms; Product differentiation; Product market entry and exit (search for similar items in EconPapers)
JEL-codes: F1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2009-01
View list of references View citations in EconPapers

Downloads: (external link)
http://cep.lse.ac.uk/pubs/download/dp0906.pdf (application/pdf)

Related works:
Journal Article: The Margins of US Trade (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cep:cepdps:dp0906

Access Statistics for this paper

More papers in CEP Discussion Papers from Centre for Economic Performance, LSE
Series data maintained by ().