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Accession Number PB2013-111003
Title Importing, Exporting and Firm-Level Employment Volatility.
Publication Date Jun 2013
Media Count 40p
Personal Author C. Kurz M. Z. Senses
Abstract In this paper, we use detailed trade and transactions data for the U.S. manufacturing sector to empirically analyze the direction and magnitude of the association between firm-level exposure to trade and the volatility of employment growth. We find that, relative to purely domestic firms, firms that only export and firms that both export and import are less volatile, whereas firms that only import are more volatile. The positive relationship between importing and volatility is driven mainly by firms that switch in and out of importing. We also document a significant degree of heterogeneity across trading firms in terms of the duration of time and intensity with which firms trade, the number and type of products they trade and the number and characteristics of their trading partners. We find these factors to play an important role in explaining the differential impact of trading on employment volatility experienced by these firms.
Keywords Businesses
Economic impact
Employment
Exports
Growth
Imports
International trade
Manufacturing
Transactions
Volatility

 
Source Agency Department of Commerce, Bureau of Census
NTIS Subject Category 96C - International Commerce, Marketing, & Economics
Corporate Author Federal Reserve System, Washington, DC. Board of Governors.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1324
Contract Number N/A

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