TY  - JOUR
AU  - Bernard,Andrew B.
AU  - Jensen,J. Bradford
AU  - Schott,Peter K.
TI  - Importers, Exporters, and Multinationals: A Portrait of Firms in the U.S. that Trade Goods
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 11404
PY  - 2005
Y2  - June 2005
UR  - http://www.nber.org/papers/w11404
L1  - http://www.nber.org/papers/w11404.pdf
N1  - Author contact info:
Andrew B. Bernard
Tuck School of Business at Dartmouth
100 Tuck Hall
Hanover, NH  03755
Tel: 603/646-0302
Fax: 603/646-0995
E-Mail: Andrew.B.Bernard@dartmouth.edu

J. Bradford Jensen
McDonough School of Business
Georgetown University
Washington, DC 20057
Tel: 202/687-3767
E-Mail: jbj24@georgetown.edu

Peter K. Schott
Yale School of Management
135 Prospect Street
New Haven, CT 06520-8200
Tel: 203/436-4260
Fax: 203/432-6974
E-Mail: peter.schott@yale.edu
M1  - published as Andrew B. Bernard, J. Bradford Jensen, Peter K. Schott. "Importers, Exporters and Multinationals: A Portrait of Firms in the U.S. that Trade Goods," in Timothy Dunne, J. Bradford Jensen, and Mark J. Roberts, editors, "Producer Dynamics: New Evidence from Micro Data" University of Chicago Press (2009)

AB  - This paper provides an integrated view of globally engaged U.S. firms by exploring a newly developed dataset that links U.S. international trade transactions to longitudinal data on U.S. enterprises. These data permit examination of a number of new dimensions of firm activity, including how many products firms trade, how many countries firms trade with, the characteristics of those countries, the concentration of trade across firms, whether firms transact at arms length or with related parties, and whether firms import as well as export. Firms that trade goods play an important role in the U.S., employing more than a third of  the U.S. workforce. We find that the most globally engaged U.S. firms, i.e. those that both export to and import from related parties, dominate U.S. trade flows and employment at trading firms. We also find that firms that begin trading between 1993 and 2000 experience especially rapid employment growth and are a major force in overall job creation.
ER  -