Title: Firms in International Trade

Abstract: Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and non-trading firms, demonstrates how these differences present a challenge to standard trade models and shows how recent “heterogeneous-firm” models of international trade address these challenges...

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Publication ID: 136

Category Description: International Trade and related Economic Statistics

Publication Type: Paper

Inistitute: NBER

Year: 2007

Month: April

Sub Title:

Author 1: Andrew B. Bernard

Author 2: J. Bradford Jensen

Author 3:Stephen J. Redding

Author 4: Peter K. Schott

Author 5:

Author 6:

Link: http://mba.tuck.dartmouth.edu/pages/faculty/andrew.bernard/jep.pdf

Tags: empirical challenges to trade theory , heterogeneous firms , trade liberalization , transaction-level U.S. trade data ,

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