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Report
International trade and income differences
Waugh, Michael E. (2009)
I develop a novel view of the trade frictions between rich and poor countries by arguing that to reconcile bilateral trade volumes and price data within a standard gravity model, the trade frictions between rich and poor countries must be systematically asymmetric, with poor countries facing higher costs to export relative to rich countries. I provide a method to model these asymmetries and demonstrate the merits of my approach relative to alternatives in the trade literature. I then argue that these trade frictions are quantitatively important to understanding the large differences in ...
Staff Report , Paper 435

Journal Article
Comparing manufacturing export growth across states: what accounts for the differences?
Pollard, Patricia S.; Coughlin, Cletus C. (2001-01)
The expansion of United States manufacturing exports has spread unevenly across states. Cletus C. Coughlin and Patricia S. Pollard use shift-share analysis to account for the difference between a state?s manufacturing export growth and national manufacturing export growth between 1988 and 1998. Three effects are examined. The industry mix effect indicates that a state should have experienced export growth above the national average if its exports were relatively more concentrated in industries whose exports expanded faster than the national average. The destination effect indicates that a ...
Review , Volume 83 , Issue Jan , Pages 25-40

Working Paper
Do falling iceberg costs explain recent U.S. export growth?
Alessandria, George; Choi, Horag (2012)
We study empirically and theoretically the growth of U.S. manufacturing exports from 1987 to 2007. We identify the change in iceberg costs with plant-level data on the intensity of exporting by exporters. Given this change in iceberg costs, we find that a GE model with heterogeneous establishments and a sunk cost of starting to export is consistent with both aggregate U.S. export growth and the changes in the number and size of U.S. exporters. The model also captures the non-linear dynamics of U.S. export growth. A model without a sunk export cost generates substantially less trade growth and ...
Working Papers , Paper 12-20

Journal Article
Statements to Congress, March 24-25, 1987(bank-affiliated export trading companies)
Johnson, Manuel H. (1987-05)
Federal Reserve Bulletin , Issue May , Pages 341-346

Journal Article
District exports post double-digit growth
Grunewald, Rob (2006-05)
Fedgazette , Volume 18 , Issue May , Pages 22-23

Report
New York merchandise exports
Leary, Mark; Howe, Howard (1995)
New York's merchandise export performance has lagged that of the U.S. economy over the first part of the 1990s. Such slippage could be due to slow growth in export markets, a concentration in slow-growth product lines, and/or declining competitiveness relative to the overall U.S. economy. We find that none of these factors fully explains the declining share of New York merchandise exports. New York's export markets are growing nearly as fast as the U.S. foreign market; New York exports are more concentrated in the industries with fastest export growth than the U.S. average; and New York's ...
Research Paper , Paper 9529

Working Paper
Exports, borders, distance, and plant size
Stevens, John J.; Holmes, Thomas J. (2010)
The fact that large manufacturing plants export relatively more than small plants has been at the foundation of much work in the international trade literature. We examine this fact using Census micro data on plant shipments from the Commodity Flow Survey. We show the fact is not entirely an international trade phenomenon; part of it can be accounted for by the effect of distance, distinct from any border effect. Export destinations tend to be further than domestic destinations, and large plants tend to ship further distances even to domestic locations, as compared with small plants. We ...
Finance and Economics Discussion Series , Paper 2010-38

Newsletter
Agricultural export forecast raised
Benjamin, Gary L. (1995-03)
Agricultural Letter , Issue Mar , Pages 1-2

Journal Article
Statement to Congress, June 17, 1986 (Export Trading Company Act of 1982 amendments)
Johnson, Manuel H. (1986-08)
Federal Reserve Bulletin , Issue Aug , Pages 554-559

Journal Article
Recent U.S. export performance in the developing world
Kasman, Bruce (1992-01)
U.S. exports to developing countries have grown remarkably in recent years, far outpacing our sales increases to the industrial world. The author seeks explanations for this strong performance in the traditional determinants of export growthrelative prices and income growthand in other factors linking world economic conditions to developing country demand for U.S. goods.
Quarterly Review , Volume 17 , Issue Win , Pages 64-74

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