This paper surveys the recent body of work in economics on the importance of global value
chains (GVCs) in sha** international trade flows and production patterns. On the empirical …

This article reviews the empirical evidence on firm heterogeneity in international trade. A first
wave of empirical findings from microdata on plants and firms proposed challenges for …

For many years to come this volume... is surely going to be the ultimate reference work on
international business... thanks to Dunning and Lundan, have at their disposal, a wealth of …

This paper links the sharp drop in US manufacturing employment after 2000 to a change in
US trade policy that eliminated potential tariff increases on Chinese imports. Industries more …

We develop a simple model of international trade with heterogeneous firms that is consistent
with a number of stylized features of the data. In particular, the model predicts positive as …

Since the mid-1990s, researchers have used micro datasets to study countries' production
and trade at the firm level and have found that exporting firms differ substantially from firms …

We propose a “dominant currency paradigm” with three key features: dominant currency
pricing, pricing complementarities, and imported inputs in production. We test this paradigm …

Large exporters are simultaneously large importers. We show that this pattern is key to
understanding low aggregate exchange rate pass-through as well as the variation in pass …

We estimate a model of importers in Hungarian microdata and conduct counterfactual
analysis to investigate the effect of imported inputs on productivity. We find that importing all …

This article develops a general equilibrium model of multiple-product, multiple-destination
firms, which allows for heterogeneity in ability across firms and in product attributes within …