The interconnections between services and goods trade at the firm-level

• 成果类型: Article
• 署名作者: Ariu, Andrea; Breinlich, Holger; Corcos, Gregory; Mion, Girdani
• 署名单位: University of Munich; Leibniz Association; Ifo Institut; University of Surrey; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK; Institut Polytechnique de Paris; Ecole Polytechnique; Institut Polytechnique de Paris; ENSAE Paris; University of Sussex
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2018.10.005
• 发表日期: 2019
• 页码: 173-188
• 关键词: Trade in Services; Trade in Goods; COMPLEMENTARITY; Firm-level analysis; discrete choice models

摘要

In this paper we study how international trade in goods and services interact at the firm level. Using a rich dataset on Belgian firms for the period 1995-2005, we show that: i) firms are much more likely to source services and goods inputs from the same origin country rather than from different ones; ii) joint imports are associated with higher firm productivity; iii) increases in barriers to imports of goods reduce firm-level imports of services from the same market, and conversely. We build upon a discrete-choice model of goods and services input sourcing that can reproduce these facts to guide our econometric strategy. We use our results to quantify the impact of reductions in goods and services barriers between the US and the EU. Our findings have important implications for the design of trade policy. They suggest that a liberalization of services trade can have direct and sizable effects on goods trade, and vice versa. Moreover, liberalizing goods and services trade jointly brings substantial complementarities. (C) 2018 Elsevier B.V. All rights reserved.