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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP9067 |
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 |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
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