Zeros, quality and space: trade theory and trade evidence
Product-level data on bilateral U.S. exports exhibit two strong patterns. First, most potential export flows are not present, and the incidence of these "export zeros" is strongly correlated with distance and importing country size. Second, export unit values are positively related to dist...
Gespeichert in:
Beteiligte Personen: | , |
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Format: | Buch |
Sprache: | Englisch |
Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
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Schriftenreihe: | Working paper series / National Bureau of Economic Research
13214 |
Links: | http://papers.nber.org/papers/w13214.pdf |
Zusammenfassung: | Product-level data on bilateral U.S. exports exhibit two strong patterns. First, most potential export flows are not present, and the incidence of these "export zeros" is strongly correlated with distance and importing country size. Second, export unit values are positively related to distance. We show that every well-known multi-good general equilibrium trade model is inconsistent with at least some of these facts. We also offer direct statistical evidence of the importance of trade costs in explaining zeros, using the long-term decline in the relative cost of air shipment to identify a difference-in-differences estimator. To match these facts, we propose a new version of the heterogeneous-firms trade model pioneered by Melitz (2003). In our model, high quality firms are the most competitive, with heterogeneous quality increasing with firms' heterogeneous cost. |
Beschreibung: | Literaturverz. S. 26 - 27 |
Umfang: | 34 S. graph. Darst. 22 cm |
Internformat
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520 | 8 | |a Product-level data on bilateral U.S. exports exhibit two strong patterns. First, most potential export flows are not present, and the incidence of these "export zeros" is strongly correlated with distance and importing country size. Second, export unit values are positively related to distance. We show that every well-known multi-good general equilibrium trade model is inconsistent with at least some of these facts. We also offer direct statistical evidence of the importance of trade costs in explaining zeros, using the long-term decline in the relative cost of air shipment to identify a difference-in-differences estimator. To match these facts, we propose a new version of the heterogeneous-firms trade model pioneered by Melitz (2003). In our model, high quality firms are the most competitive, with heterogeneous quality increasing with firms' heterogeneous cost. | |
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Datensatz im Suchindex
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author | Baldwin, Richard E. Harrigan, James 1961- |
author_GND | (DE-588)114688842 (DE-588)124787177 |
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illustrated | Illustrated |
indexdate | 2024-12-20T13:23:20Z |
institution | BVB |
language | English |
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oclc_num | 255496250 |
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owner | DE-521 |
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physical | 34 S. graph. Darst. 22 cm |
publishDate | 2007 |
publishDateSearch | 2007 |
publishDateSort | 2007 |
publisher | National Bureau of Economic Research |
record_format | marc |
series2 | Working paper series / National Bureau of Economic Research |
spelling | Baldwin, Richard E. Verfasser (DE-588)114688842 aut Zeros, quality and space trade theory and trade evidence Richard Baldwin ; James Harrigan Cambridge, Mass. National Bureau of Economic Research 2007 34 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13214 Literaturverz. S. 26 - 27 Product-level data on bilateral U.S. exports exhibit two strong patterns. First, most potential export flows are not present, and the incidence of these "export zeros" is strongly correlated with distance and importing country size. Second, export unit values are positively related to distance. We show that every well-known multi-good general equilibrium trade model is inconsistent with at least some of these facts. We also offer direct statistical evidence of the importance of trade costs in explaining zeros, using the long-term decline in the relative cost of air shipment to identify a difference-in-differences estimator. To match these facts, we propose a new version of the heterogeneous-firms trade model pioneered by Melitz (2003). In our model, high quality firms are the most competitive, with heterogeneous quality increasing with firms' heterogeneous cost. Harrigan, James 1961- Verfasser (DE-588)124787177 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13214 (DE-604)BV002801238 13214 http://papers.nber.org/papers/w13214.pdf kostenfrei Volltext |
spellingShingle | Baldwin, Richard E. Harrigan, James 1961- Zeros, quality and space trade theory and trade evidence |
title | Zeros, quality and space trade theory and trade evidence |
title_auth | Zeros, quality and space trade theory and trade evidence |
title_exact_search | Zeros, quality and space trade theory and trade evidence |
title_full | Zeros, quality and space trade theory and trade evidence Richard Baldwin ; James Harrigan |
title_fullStr | Zeros, quality and space trade theory and trade evidence Richard Baldwin ; James Harrigan |
title_full_unstemmed | Zeros, quality and space trade theory and trade evidence Richard Baldwin ; James Harrigan |
title_short | Zeros, quality and space |
title_sort | zeros quality and space trade theory and trade evidence |
title_sub | trade theory and trade evidence |
url | http://papers.nber.org/papers/w13214.pdf |
volume_link | (DE-604)BV002801238 |
work_keys_str_mv | AT baldwinricharde zerosqualityandspacetradetheoryandtradeevidence AT harriganjames zerosqualityandspacetradetheoryandtradeevidence |