The Margins of US Trade
利用美国详细贸易数据，概述了贸易边际如何解释美国进出口在贸易伙伴、贸易类型（关联方与公平交易）以及短期和长期时间维度上的变化，并特别分析了1997年亚洲金融危机中两类贸易的不同反应。
Recent research in international trade emphasizes the importance of firms’ extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed U.S. trade statistics to provide a broad overview of how the margins of trade contribute to variation in U.S. imports and exports across trading partners, types of trade (i.e. arm’s-length versus related-party) and both short and long time horizons. Among other results, we highlight the differential behaviour of related-party and arm’s-length trade in response to the 1997 Asian financial crisis.