INTERMEDIARIES IN INTERNATIONAL TRADE: PRODUCTS AND DESTINATIONS
INTERMEDIARIES IN INTERNATIONAL TRADE: PRODUCTS AND DESTINATIONS
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DOI：
10.1162/rest_a_00495
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发表时间：
2015-10-01
影响因子：
8
通讯作者：
Tomasi, Chiara
中科院分区：
文献类型：
--
作者：
Bernard, Andrew B.;Grazzi, Marco;Tomasi, Chiara
本文探讨了出口中间商产生的因素，并探讨了其对贸易量的影响。与制造业出口商相比，批发商等出口中介服务于不同的市场并出口不同的产品。批发商在特定目的地固定成本较高的市场中更为普遍，并专注于差异化程度较低、合同强度较低且沉没成本较高的产品。与向主要由直接出口商服务的市场的出口相比，向间接出口比例较高的目的地的总出口对实际汇率变化的反应较小。
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.