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Bill of Lading Data in International Trade Research with an Application to the COVID-19 Pandemic
We evaluate high-frequency bill of lading data for its suitability in international trade research. These data offer many advantages over both other publicly accessible official trade data and confidential datasets, but they also have clear drawbacks. We provide a comprehensive overview for potential researchers to understand these strengths and weaknesses as these data become more widely available. Drawing on the strengths of the data, we analyze three aspects of trade during the COVID-19 pandemic. First, we show how the high-frequency data capture features of the within-month collapse ...
Factors Affecting Recent U.S. Tariffs on Imports from China
The period from January 2018 to September 2019 saw an unprecedented increase in tariffs placed on U.S. imports, especially on those originating in China. We document the extent to which tariff exclusions and other factors lowered the average effective tariff on Chinese goods. Given that the large majority of tariff exclusions expired on December 31, 2020, our analysis also indicates that U.S. effective tariffs on Chinese goods increased notably at the start of 2021.
The Role of Global Supply Chains in the Transmission of Shocks: Firm-Level Evidence from the 2011 Tōhoku Earthquake
The April 2016 Kumamoto earthquake in southwest Japan has sent ripple effects through global supply chains. Toyota, Honda and Sony halted most Japanese production following the quake, and more recently General Motors announced production stoppages at four North American plants, citing parts shortages. Such far-reaching consequences of natural disasters are not without precedent.