The Location of U.S. States' Overseas Office

Andrew Cassey ()

No 2009-10, Working Papers from School of Economic Sciences, Washington State University

Abstract: Forty U.S. states operated an overseas office in 2002. Treating overseas offices as sales offices, I modify Holmes (2005) so oces facilitate exports by reducing the transaction cost of selling abroad. From theory, states operate an office if aggregate savings outweigh operating costs. Exploiting the differences in where states locate offices in the data, and controlling for aggregate characteristics, I estimate the impact of exports on the probability of an office existing. In addition, I find the average state savings from an office is 0.005%--0.009% of exports with a cut-off threshold of $1.0--1.4 billion.

Keywords: international trade; exports; states; overseas oces; investment (search for similar items in EconPapers)
JEL-codes: F13 H76 L60 O24 R10 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2009-05
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The Location of US States' Overseas Offices (2014)
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