Intermediaries in international trade: Products and destinations

Marco Grazzi, Andrew B. Bernard, Chiara Tomasi

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

40 Citazioni (Scopus)

Abstract

This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters do. Wholesalers are more prevalent in markets with higher destination-specific fixed costs and focus on products that are less differentiated, have lower contract intensity, and have large sunk entry costs. Aggregate exports to destinations with high shares of indirect exports are less responsive to changes in the real exchange rate than are exports to markets served primarily by direct exporters.
Lingua originaleEnglish
pagine (da-a)916-920
Numero di pagine5
RivistaTHE REVIEW OF ECONOMICS AND STATISTICS
Volume97
DOI
Stato di pubblicazionePubblicato - 2015

Keywords

  • EXCHANGE-RATES
  • MARGINS
  • intermediaries

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