Home About Latest Browse RSS Advanced Search

Board of Governors of the Federal Reserve System (U.S.)
International Finance Discussion Papers
The Rise of Exporting By U.S. Firms
Andrew H. McCallum
William F. Lincoln
Abstract

Although a great deal of ink has been spilled over the consequences of globalization, we do not yet fully understand the causes of increased worldwide trade. Using confidential microdata from the U.S. Census, we document widespread entry into countries abroad by U.S. firms from 1987 to 2006. We show that this extensive margin growth is unlikely to have been due to significant declines in entry costs. We instead find evidence of large roles for the development of the internet, trade agreements, and foreign income growth in driving these trends.


Download Full text
Download DOI
Cite this item
Andrew H. McCallum & William F. Lincoln, The Rise of Exporting By U.S. Firms, Board of Governors of the Federal Reserve System (U.S.), International Finance Discussion Papers 1157, 10 Feb 2016.
More from this series
JEL Classification:
Subject headings:
Keywords: globalization; barriers to entry; international trade; internet
DOI: 10.17016/IFDP.2016.1157
For corrections, contact Ryan Wolfslayer ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal