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Poultry in Motion : A Study of International Trade Finance Practices

Antràs, Pol - 2011

This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...

Persistent link: https://www.econbiz.de/10012461566

Internalizing Global Value Chains : A Firm-Level Analysis

Alfaro, Laura - 2015

In recent decades, advances in information and communication technology and falling trade barriers have led firms to retain within their boundaries and in their domestic economies only a subset of their production stages. A key decision facing firms worldwide is the extent of control to exert...

Persistent link: https://www.econbiz.de/10012457087

Trade and Capital Flows : A Financial Frictions Perspective

Antràs, Pol - 2007

The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the...

Persistent link: https://www.econbiz.de/10012465412

On the Measurement of Upstreamness and Downstreamness in Global Value Chains

Antràs, Pol - 2018

This paper offers four contributions to the empirical literature on global value chains (GVCs). First, we provide a succinct overview of several measures developed to capture the upstreamness or downstreamness of industries and countries in GVCs. Second, we employ data from the World...

Persistent link: https://www.econbiz.de/10012453528

On the Geography of Global Value Chains

Antràs, Pol - 2017

This paper develops a multi-stage general-equilibrium model of global value chains (GVCs) and studies the specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of production of a given stage in a GVC is not only a...

Persistent link: https://www.econbiz.de/10012455225

Global Sourcing

Antràs, Pol - 2003

We present a North South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...

Persistent link: https://www.econbiz.de/10012468612

Offshoring and the Role of Trade Agreements

Antràs, Pol - 2008

The rise of offshoring of intermediate inputs raises important questions for commercial policy. Do the distinguishing … features of offshoring introduce novel reasons for trade policy intervention? Does offshoring create new problems of global … perform in a world where offshoring is prevalent? In this paper we provide answers to these questions, and thereby initiate …

Persistent link: https://www.econbiz.de/10012464361

Organizations and Trade

Antràs, Pol - 2008

We survey an emerging literature at the intersection of organizational economics and international trade. We argue that a proper modelling of the organizational aspects of production provides valuable insights on the aggregate workings of the world economy. In reviewing the literature, we...

Persistent link: https://www.econbiz.de/10012464387

Incomplete Contracts and the Product Cycle

Antràs, Pol - 2003

The incomplete nature of contracts governing international transactions limits the extent to which the production process can be fragmented across borders. In a dynamic, general-equilibrium Ricardian model of North-South trade, the incompleteness of international contracts is shown to lead to...

Persistent link: https://www.econbiz.de/10012468752

Interest Rates and World Trade : An 'Austrian' Perspective

Antràs, Pol - National Bureau of Economic Research - 2023

This paper develops a framework to study the interplay between world trade and interest rates. The model incorporates an explicit notion of time and of production length, along the lines of the 'Austrian' tradition of Böhm-Bawerk (1889). Changes in the interest rate affect production lengths,...

Persistent link: https://www.econbiz.de/10013537738