Hellerstein, Rebecca; Villas-Boas, Sofia Berto - Federal Reserve Bank of New York - 2006
A growing share of international trade occurs through intra-firm transactions-those between domestic and foreign … product must cross a national border, and may explain the high rate of multinational trade across such borders. We show that … shocks across borders. We present new evidence of a positive relationship between an industry's share of multinational trade …