The rise of exporting by U.S. firms
William F. Lincoln and
Andrew H. McCallum
European Economic Review, 2018, vol. 102, issue C, 280-297
Although a great deal of ink has been spilled over the consequences of globalization, we do not yet fully understand the causes of increased worldwide trade. Using confidential microdata from the U.S. Census, we document widespread entry into countries abroad by U.S. firms from 1987 to 2006. We show that this extensive margin growth is unlikely to have been due to significant declines in entry costs. We instead find evidence of large roles for telecommunications advances, trade agreements, and foreign income growth in driving these trends.
Keywords: Globalization; Barriers to entry; International trade; Information technology (search for similar items in EconPapers)
JEL-codes: F10 F23 F60 L10 L86 M21 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:102:y:2018:i:c:p:280-297
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