The Margins of US Trade (Long Version)

Andrew Bernard, Stephen Redding, Peter Schott and J. Jensen ()

No 7156, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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 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.

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)
Date: 2009-02
New Economics Papers: this item is included in nep-int and nep-sea
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Citations: View citations in EconPapers (127)

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Related works:
Working Paper: The Margins of U.S. Trade (Long Version) (2009)
Working Paper: The Margins of U.S. Trade (Long Version) (2009)
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