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Quarterly Journal of Economics Vol. 118 No. 4 2003

Firms, Contracts, and Trade Structure

P. Antras

open access

Abstract

Roughly one-third of world trade is intrafirm trade. This paper starts by unveiling two systematic patterns in the volume of intrafirm trade. In a panel of industries, the share of intrafirm imports in total U.S. imports is significantly higher, the higher the capital intensity of the exporting industry.

DOI
10.1162/003355303322552829
Volume
118
Issue
4
Pages
1375-1418
Language
en
Sources
bibtex:phds-export.bib openalex crossref

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