Trade intermediation by producers*

• 成果类型: Article
• 署名作者: Erbahar, Aksel; Rebeyrol, Vincent
• 署名单位: Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2022.103693
• 发表日期: 2023
• 关键词: Trade intermediation; Intermediaries; Carry -along trade; Multi -product firms

摘要

This paper shows that manufacturing exporters export goods that they have not produced and thus also act as trade intermediaries. The geographical dimension of the data reveals that al-most half of these exports of sourced products are purely intermediated: to many destina-tions, firms export sourced products only. We find that this type of intermediation is ubiquitous across firms, products, and destinations, and is robust to a battery of alternative def-initions. These findings show that trade intermediation by producers (TIP) is not solely driven by carry-along trade, where produced and sourced products are bundled when exported. Our decomposition of TIP highlights that trade intermediation should be identified at the firm -product-destination level. The prevalence of pure intermediation for all manufacturing ex-porters, including the largest ones, suggests that intermediation plays an important role in firms' participation and success in international markets. (c) 2022 The Author(s). Published by Elsevier B.V.