Board of Governors of the Federal Reserve System (U.S.)
International Finance Discussion Papers
The Rise of Exporting By U.S. Firms
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.
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.
- F10 - International Economics - - Trade - - - General
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- F60 - International Economics - - Economic Impacts of Globalization - - - General
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
Keywords: globalization; barriers to entry; international trade; internet
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