| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7012 |
| 来源ID | Working Paper 7012 |
| Search and Deliberation in International Exchange: Learning from Multinational Trade About Lags, Distance Effects, and Home Bias | |
| Subramanian Rangan; Robert Z. Lawrence | |
| 发表日期 | 1999-03-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper compares the responses of intra- and extra-firm trade to exchange rate changes. It does so both to inform the debate on whether these responses are qualitatively different and to improve understanding of the microfoundations of features of trade behavior such as long adjustment lags, the large impact of distance, and the presence of significant home bias. We argue that the informational problems posed by search (acts identifying potential exchange partners) and deliberation (acts assessing their reliability and trustworthiness) play a key role in explaining these features and suggest that multinationals should have advantages in overcoming these problems. Indeed we find that the responses of multinationals to exchange rate changes are both larger and more rapid. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w7012 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564534 |
| 推荐引用方式 GB/T 7714 | Subramanian Rangan,Robert Z. Lawrence. Search and Deliberation in International Exchange: Learning from Multinational Trade About Lags, Distance Effects, and Home Bias. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7012.pdf（253KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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