The Role of Intermediaries in Facilitating Trade
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TLDR
In this article, the authors modify a heterogeneous firm model to allow for an intermediary sector, and predict that firms will endogenously select their mode of export through an intermediary based on productivity.About:
This article is published in Journal of International Economics.The article was published on 2011-05-01 and is currently open access. It has received 422 citations till now. The article focuses on the topics: Productivity & Intermediary.read more
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Multiple-Product Firms and Product Switching
TL;DR: This article examined the frequency, pervasiveness, and determinants of product switching by US manufacturing firms and found that one-half of firms alter their mix of five-digit SIC products every five years, and that product switching is correlated with both firm-and firm-product attributes.
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Export Prices Across Firms and Destinations
Kalina Manova,Zhiwei Zhang +1 more
TL;DR: In this paper, stylized facts about firms' export prices using detailed customs data on the universe of Chinese trade flows are established, showing that firms that export more, enter more markets, and charge higher export prices import more expensive inputs.
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Processing Trade, Tariff Reductions and Firm Productivity: Evidence from Chinese Firms
TL;DR: In this paper, the authors explore how reductions in taris on imported inputs and non-processing goods affect productivity by exploiting the special treatment that processing trade applies to imported inputs as opposed to those of nonprocessing trade.
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Quality Sorting and Trade: Firm-level Evidence for French Wine
TL;DR: In this paper, an estimation method for regressions of firm-level exports on ability measures and use Monte Carlo simulations to show that it corrects a severe selection bias present in OLS estimates.
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Domestic Value Added in Exports: Theory and Firm Evidence from China
Hiau Looi Kee,Heiwai Tang +1 more
TL;DR: Wang et al. as discussed by the authors found that substitution of domestic for imported materials by individual processing exporters caused China's domestic content in exports to increase from 65 to 70 percent in 2000-2007.
References
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The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
TL;DR: This paper developed a dynamic industry model with heterogeneous firms to analyze the intra-industry effects of international trade and showed how the exposure to trade will induce only the more productive firms to enter the export market (while some less productive firms continue to produce only for the domestic market).
Posted Content
Financial Dependence and Growth
Raghuram G. Rajan,Luigi Zingales +1 more
TL;DR: This paper examined whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship: that financial development reduces the costs of external finance to firms, and they found that industrial sectors that are relatively more in need of foreign finance develop disproportionately faster in countries with more developed financial markets.
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Gravity with Gravitas: A Solution to the Border Puzzle
TL;DR: In this article, a method that consistently and efficiently estimates a theoretical gravity equation and correctly calculates the comparative statics of trade frictions was developed to solve the famous McCallum border puzzle.
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Export Versus FDI with Heterogeneous Firms
Elhanan Helpman,Elhanan Helpman,Elhanan Helpman,Marc J. Melitz,Marc J. Melitz,Marc J. Melitz,Stephen R. Yeaple +6 more
TL;DR: In this article, Helpman et al. introduce a simple multicountry, multisector model, in which firms face a proximity-concentration trade-off between exports and FDI.
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Contract enforceability and economic institutions in early trade: The Maghribi Traders' Coalition
TL;DR: In this article, the authors present an economic institution which enabled traders to benefit from employing overseas agents despite the commitment problem inherent in these relations. And they use a simple game-theoretical model to examine the interaction between social and economic institutions, the determinants of business practices, and the nature of the merchants' law.