Trade adjustment and productivity in large crisis

Trade Adjustment and Productivity in Large Crises. FRB of Boston Working Paper No. 11-9 Number of pages: 60 Posted The authors empirically characterize the mechanics of trade adjustment during the Argentine crisis using detailed firm-level customs data covering the universe of import transactions made during 1996-2008. Their main findings CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We empirically characterize the mechanics of trade adjustment during the Argentine crisis using detailed firm-level customs data covering the universe of import transactions during 1996-2008. Our main findings are as follows: First, the extensive margin defined as the entry and exit of firms or of products (at the We build a model of trade in intermediate inputs with heterogeneous firms, fixed import costs, and roundabout production. Import demand is non-homothetic and the implications of an import price shock depend on the full distribution of firm-level adjustments. An import price shock generates a significant decline in productivity. en_US

Trade Adjustment and Productivity in Large Crises Gita Gopinath and Brent Neiman NBER Working Paper No. 16958 April 2011, Revised May 2013 JEL No. E32,F4,O47 ABSTRACT We empirically characterize the mechanics of trade adjustment during the Argen- tine crisis using The Message Introduction •Summary Comments Conclusions 2 / 10 • First-order importance ofwithin-firm trade adjustments during episodes of crisis. Small quantitative impact of country-level extensive margin (firm and/or product overall exit). Large quantitative impact of sub-extensive margin(firm-level product exit). Different adjustment strategies across firms of different size. We empirically characterize the mechanics of trade adjustment during the Argentine crisis. Though imports collapsed by 70 percent from 2000-2002, the entry and exit of firms or products at the country level played a small role. The within-firm churning of imported inputs, however, played a sizeable role. Trade Adjustment and Productivity in Large Crises The authors empirically characterize the mechanics of trade adjustment during the Argentine crisis using detailed firm-level customs data covering the universe of import transactions made during 1996-2008. Their main findings are as follows: First, the extensive margin defined as the entry Trade Adjustment and Productivity in Large Crises. FRB of Boston Working Paper No. 11-9 Number of pages: 60 Posted The authors empirically characterize the mechanics of trade adjustment during the Argentine crisis using detailed firm-level customs data covering the universe of import transactions made during 1996-2008. Their main findings CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We empirically characterize the mechanics of trade adjustment during the Argentine crisis using detailed firm-level customs data covering the universe of import transactions during 1996-2008. Our main findings are as follows: First, the extensive margin defined as the entry and exit of firms or of products (at the

Trade Adjustment and Productivity in Large Crises Gita Gopinath Brent Neiman Department of Economics Booth School of Business Harvard University and NBER University of Chicago and NBER Online Appendix May 2013 Appendix A: Derivation of Equations for Productivity Derivation of Equation (8)

Measured aggregate productivity in the sector depends on within-firm adjustments to the varieties imported as well as the joint distribution of each firm's technology  Trade Adjustment and Productivity in Large Crises. Gita Gopinath. Brent Neiman. Harvard University. University of Chicago and NBER and NBER. November  Trade Adjustment and Productivity in Large Crises Scholarly Articles, Harvard University Department of Economics Downloads View citations (63) Also in 2011   Keywords: Trade, Productivity, Imports, Exports, Growth, Jobs, China. Authors' E- Mail “Trade Adjustment and Productivity in Large Crises”. American 

Mar 27, 2014 Intensifying structural reforms for investment, productivity growth, and structural change. 8 a. countries will need to rely more on trade among themselves and If adjustments in the external environment are gradual, developing countries should be able bank defaults from escalating into a larger crisis.

†Division of International Finance, Trade and Financial Studies. Email: albert. queralto@frb.gov. 1 “Trade Adjustment and Productivity in Large Crises,” mimeo.

"Trade Adjustment and Productivity in Large Crises" (with Gita Gopinath) American Economic Review, 2014, 104(3), p.793-831. Appendix: Online Appendix.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We empirically characterize the mechanics of trade adjustment during the Argentine crisis using detailed transaction-level customs data covering the universe of import transactions during 1996-2008. Though imports collapsed by nearly 70 percent from 2000-2002, the entry and exit of firms or products at the country

Feb 22, 2011 In the United States, for instance, the Trade Adjustment Assistant Program, has been that predicts reallocation within industries with larger, more productive 2008/09 crisis had in numerous countries the effect of a business 

Trade Adjustment and Productivity in Large Crises Gita Gopinath and Brent Neiman NBER Working Paper No. 16958 April 2011, Revised May 2013 JEL No. E32,F4,O47 ABSTRACT We empirically characterize the mechanics of trade adjustment during the Argen- tine crisis using The Message Introduction •Summary Comments Conclusions 2 / 10 • First-order importance ofwithin-firm trade adjustments during episodes of crisis. Small quantitative impact of country-level extensive margin (firm and/or product overall exit). Large quantitative impact of sub-extensive margin(firm-level product exit). Different adjustment strategies across firms of different size.

†Division of International Finance, Trade and Financial Studies. Email: albert. queralto@frb.gov. 1 “Trade Adjustment and Productivity in Large Crises,” mimeo. These features of export dynamics pose a challenge for standard static trade 2011, "Trade Adjustment and Productivity in Large Crises," Working Paper. Nov 6, 2018 During the global financial crisis of 2008–2009 the decline in world imports and 2016) and inventory adjustment (Alessandria et al. Nevertheless, they still leave a large part of the great trade collapse and the of demand and productivity shocks on trade and generate trade income elasticities of 1.3.