| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8766 |
| DP8766 Intermediaries in International Trade: Direct versus indirect modes of export | |
| Andrew Bernard | |
| 发表日期 | 2012 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters. In particular, high market-specific fixed costs of exporting, the (lack of) quality of the general contracting environment and product-specific factors play important roles in explaining the existence of export intermediaries. These underlying differences between direct and intermediary exporters have important consequences for trade flows. The ability of export intermediaries to overcome country and product fixed costs means that they can more easily respond along the extensive margin to external shocks. Intermediaries and direct exporters respond differently to exchange rate fluctuations both in terms of the total value of shipments and the number of products exported as well as in terms of prices and quantities. Aggregate exports to destinations with high shares of indirect exports are much less responsive to changes in the real exchange rate than are exports to countries served primarily by direct exporters. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Exchange rates Export entry costs Heterogeneous firms Intermediation International trade Product adding and dropping Wholesalers |
| URL | https://cepr.org/publications/dp8766 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537602 |
| 推荐引用方式 GB/T 7714 | Andrew Bernard. DP8766 Intermediaries in International Trade: Direct versus indirect modes of export. 2012. |
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