Chapter

Importers, Exporters, and Multinationals

Andrew B. Bernard, J. Bradford Jensen and Peter K. Schott

in Producer Dynamics

Published by University of Chicago Press

Published in print March 2009 | ISBN: 9780226172569
Published online February 2013 | e-ISBN: 9780226172576 | DOI: http://dx.doi.org/10.7208/chicago/9780226172576.003.0015
Importers, Exporters, and Multinationals

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This chapter develops a new data set on import and export activity of U.S. firms. Firms that export had higher employment growth than nonexporters, and firms that entered the export or import market between 1993 and 2000 experienced very high employment growth rates. Firms that stopped exporting and/or importing suffered decline in employment. The greatest share of exporting and especially importing firms are found in wholesale and retail trade. The most globally engaged firms dominate U.S. trade flows and employment among trading firms. Multinationals are still heavily linked with goods production and the extent of their intra-firm trade varies substantially with the characteristics of the source or destination country. There is substantial growth in the number of firms that export, import, and trade with related parties. Trading firms are becoming increasingly more import- and export-intensive in terms of their dollar value of trade per worker.

Keywords: import market; dollar value; multinationals; nonexporters; employment growth; retail trade; U.S. trade flows; trading firms

Chapter.  16949 words.  Illustrated.

Subjects: Microeconomics

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