The Margins of US Trade

The Margins of US Trade

Recent research in international trade emphasizes the importance of firms’ extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed US trade statistics to provide a broad overview of how the margins of trade contribute to variation in US imports and exports across trading partners, ...

No 906 January 2009 The Margins of US Trade

Recent research in international trade emphasizes the importance of firms’ extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview of how the margins of trade contribute to variation in U.S. imports and exports across trading partne...

Short-Term and Long-Term Margins of International Trade: Evidence from the Canada-Chile Free Trade

We investigate the impact of the Canada-Chile Free Trade Agreement (CCFTA) on Canadian exports to Chile, particularly the dynamic effects of the agreement on extensive and intensive margins of trade. Consistent with the literature, we find that the extensive margin effects occurred later than the intensive margin effects and became more prominent in the long-term. Surprisingly, the intensive ma...

Understanding the Relationship between Design Margins and Trade-offs

The Patterns of Pulpwood Trade within the US South

The Southern timber market is the major source of both softwood and hardwood pulpwood in the US. In 1997, three-fourths of total US pulpwood production was produced in the region. The locations of pulpmills and fiber sources determine the patterns of pulpwood trade between the states. Prediction of trade is important for understanding subregional pulpwood markets in the US South and for timber ...