G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11555
DP11555 Global Firms
Stephen Redding; Andrew Bernard; J Bradford Jensen; Peter Schott
发表日期2016-10-05
出版年2016
语种英语
摘要Research in international trade has changed dramatically over the last twenty years, as attention has shifted from countries and industries towards the firms actually engaged in international trade. The now-standard heterogeneous firm model posits measure zero firms that compete under monopolistic competition and decide whether to export to foreign markets. However, much of international trade is dominated by a few “global firms,” which participate in the international economy along multiple margins and account for substantial shares of aggregate trade. We develop a new theoretical framework that allows firms to have large market shares and to decide simultaneously on the set of production locations, export markets, input sources, products to export, and inputs to import. Using U.S. firm and trade transactions data, we provide strong evidence in support of this framework's main predictions of interdependencies and complementarities between these margins of firm international participation. Global firms participate more intensively along each margin, magnifying the impact of underlying differences in firm characteristics, and increasing their shares of aggregate trade.
主题International Trade and Regional Economics
关键词Firm heterogeneity International trade Multinationals Multi-product firms
URLhttps://cepr.org/publications/dp11555
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/540369
推荐引用方式
GB/T 7714
Stephen Redding,Andrew Bernard,J Bradford Jensen,et al. DP11555 Global Firms. 2016.
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