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Francis KRAMARZ (CREST) “Firm-to-Firm Trade: Imports, Exports, and the Labor Market”

November 2, 12:15 pm - 1:30 pm

Time: 12:15pm – 13:15 pm
Date: 02 th of November 2020

Francis KRAMARZ (CREST) “Firm-to-Firm Trade: Imports, Exports, and the Labor Market”

Abstract : Firm-level customs and production data reveal both the heterogeneity and the granularity of relationships among individual buyers and sellers. We develop a general equilibrium model that captures these firm-level features and is also consistent with observations at the aggregate level. Our model is one of trade through random meetings. Buyers, who may be retailers looking for final products or firms looking for inputs, connect with sellers randomly. At the firm level, the model generates predictions for buyer-seller connections and the shares of labor of different skills in production broadly consistent with observations on French manufacturers and their customers in other countries of the European Union. At the aggregate level, firm-to-firm trade determines bilateral trade shares as well as labor’s share of output in different countries.

Joint work with : Jonathan Eaton and Samuel Kortum


November 2
12:15 pm - 1:30 pm
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Edouard CHALLE
Julien PRAT