Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2022
reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US … boost to exports from lower input costs. We use our empirical results to calibrate the strength of scale economies in a … quantitative trade model. Counterfactual analysis implies that while PNTR increased aggregate US exports relative to GDP, exports …