The Rise of Exporting By U.S. Firms
William Lincoln () and
Andrew McCallum ()
No 1157, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)
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 the development of the internet, trade agreements, and foreign income growth in driving these trends.
Keywords: globalization; barriers to entry; international trade; internet (search for similar items in EconPapers)
JEL-codes: F10 F23 F60 L10 L86 M21 (search for similar items in EconPapers)
Pages: 27 pages
New Economics Papers: this item is included in nep-bec and nep-int
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http://www.federalreserve.gov/econresdata/ifdp/2016/files/ifdp1157.pdf Full text (application/pdf)
http://dx.doi.org/10.17016/IFDP.2016.1157 DOI (application/pdf)
Working Paper: The Rise of Exporting by U.S. Firms (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgif:1157
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