American Economic Review Vol. 99 No. 2 2009

The Margins of US Trade

Andrew B. Bernard¹; J. Bradford Jensen²; Stephen J. Redding³; Peter K. Schott⁴

¹ Tuck School of Business, Dartmouth College, 100 Tuck Hall, Hanover, NH 03755, and NBER. · ² McDonough School of Business, Georgetown University, 411 Old North, Washington, D.C. 20057, and NBER. · ³ London School of Economics, Houghton Street, London WC2A 2AE, and CEPR. · ⁴ Yale School of Management, 135 Prospect Street, New Haven, CT 06520, and NBER.

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 behaviour of related-party and arm’s-length trade in response to the 1997 Asian financial crisis.

DOI

10.1257/aer.99.2.487

Volume

99

Issue

2

Pages

487-493

Language

en

Sources

bibtex:phds-export.bib crossref openalex

Cite

APA 7 MLA 9 Chicago (author–date) Harvard Elsevier Harvard (JFE, JBF…) The Accounting Review Academy of Management American Marketing Association INFORMS (Management Science) Copy citation Copied ✓