Trade Adjustment and Productivity in Large Crises

DSpace/Manakin Repository

Trade Adjustment and Productivity in Large Crises

Citable link to this page


Title: Trade Adjustment and Productivity in Large Crises
Author: Gopinath, Gita; Neiman, Brent

Note: Order does not necessarily reflect citation order of authors.

Citation: Gopinath, Gita, and Brent Neiman. 2014. Trade Adjustment and Productivity in Large Crises. American Economic Review 104, no. 3: 793–831.
Full Text & Related Files:
Abstract: We empirically characterize the mechanics of trade adjustment during the Argentine crisis. Though imports collapsed by 70 percent from 2000-2002, the entry and exit of firms or products at the country level played a small role. The within-firm churning of imported inputs, however, played a sizeable role. We build a model of trade in intermediate inputs with heterogeneous firms, fixed import costs, and roundabout production. Import demand is non-homothetic and the implications of an import price shock depend on the full distribution of firm-level adjustments. An import price shock generates a significant decline in productivity.
Published Version: doi:10.1257/aer.104.3.793
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at
Citable link to this page:
Downloads of this work:

Show full Dublin Core record

This item appears in the following Collection(s)


Search DASH

Advanced Search