Exporters in cross-section: Direct versus intermediated trade
| Autor: | Mark J. Gibson, Qianqian Wang |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Marginal cost
media_common.quotation_subject 05 social sciences Geography Planning and Development ComputingMilieux_LEGALASPECTSOFCOMPUTING International economics Development Intermediary 0502 economics and business Economics Quality (business) 050207 economics Fixed cost Productivity 050205 econometrics media_common |
| Zdroj: | Review of International Economics. 26:84-95 |
| ISSN: | 0965-7576 |
| Popis: | How do producers that export their goods directly differ from those that export through trade intermediaries? We take a standard model of trade with heterogeneous firms and add heterogeneity in quality to the usual heterogeneity in productivity. Modeling trade intermediaries as increasing marginal costs but decreasing fixed costs of exporting, we find that only firms with the highest quality-adjusted productivity levels choose to export directly. Under certain parameter restrictions, the model shows that direct exporters tend to be larger and charge higher prices for their goods. In contrast to the literature, using Chinese customs data, we confirm that direct exporters do charge higher prices for their goods. |
| Databáze: | OpenAIRE |
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