G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9067
DP9067 Carry-Along Trade
Andrew Bernard; Hylke Vandenbussche; Emily Blanchard
发表日期2012-07-22
出版年2012
语种英语
摘要Large multi-product firms dominate international trade flows. This paper documents new facts about multi-product manufacturing exporters that are not easily reconciled with existing multi-product models. Using novel linked production and export data at the firm-product level, we find that the overwhelming majority of manufacturing firms export products that they do not produce. Three quarters of the exported products and thirty percent of export value from Belgian manufacturers are in goods that are not produced by the firm, so-called Carry-Along Trade (CAT). The number of CAT products is strongly increasing in firm productivity while the number of produced products that are exported is weakly increasing in firm productivity. We propose a general model of production and sourcing at multi-product firms. While the baseline model fails to reconcile the relationships between firm productivity and the numbers of exported products observed in the data, several demand and supply-side extensions to the model are more successful. Looking at export price data, we find support for a novel theoretical extension based on demand-scope complementarities.
主题International Trade and Regional Economics
关键词Demand-scope complementarity Exporting Heterogeneous firms Intermediation Multi-product firms Productivity Sourcing
URLhttps://cepr.org/publications/dp9067
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/537901
推荐引用方式
GB/T 7714
Andrew Bernard,Hylke Vandenbussche,Emily Blanchard. DP9067 Carry-Along Trade. 2012.
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