期刊
REVIEW OF ECONOMICS AND STATISTICS
卷 97, 期 4, 页码 916-920出版社
MIT PRESS
DOI: 10.1162/REST_a_00495
关键词
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资金
- European Commission 6th FP, Project: DIME-Dynamics of Institutions and Markets in Europe [CIT3-CT-2005-513396]
- Marie Curie Program Grant COFUND Provincia Autonoma di Trento
- European University Institute
- Tuck School of Business
- ESRC [ES/M010341/1] Funding Source: UKRI
- Economic and Social Research Council [ES/M010341/1] Funding Source: researchfish
This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters do. Wholesalers are more prevalent in markets with higher destination-specific fixed costs and focus on products that are less differentiated, have lower contract intensity, and have large sunk entry costs. Aggregate exports to destinations with high shares of indirect exports are less responsive to changes in the real exchange rate than are exports to markets served primarily by direct exporters.
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