MARC Record from Library of Congress

LEADER: 02656cam a22002897a 4500
001 2009655873
003 DLC
005 20100106094206.0
007 cr |||||||||||
008 100105s2009 mau sb 000 0 eng
010 $a 2009655873
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aPeri, Giovanni.
245 14 $aThe trade creation effect of immigrants$h[electronic resource] :$bevidence from the remarkable case of Spain /$cGiovanni Peri, Francisco Requena.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2009.
490 1 $aNBER working paper series ;$vworking paper 15625
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/5/2010.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"There is abundant evidence that immigrant networks are associated with larger exports from the country where they settle to their countries of origin. The direction of causality of this association is less clearly established. Also, we do not know to what extent these increased exports are due to an increase in the number of exporting firms (i.e. the extensive margin of trade) or due to larger values exported by existing firm (i.e. the intensive margin). Using micro data on individual trade transactions from Spanish provinces between 1995 and 2008 and data on the stock of immigrants in those provinces by country of origin we can make progress on both fronts. The richness of our data allows us to control for a large set of fixed effects and to use an instrumental variable strategy to isolate the export creation effect of new immigrants. We are also able to quantify the impact of immigrants on the intensive and extensive margin of trade and how it varies between homogeneous, moderately differentiated and differentiated goods. Our findings can be interpreted, in the light of the Chaney (2008) gravity model, as consistent with the idea that immigrants reduce the fixed costs of trade. As implied by a decrease in fixed trade costs in that model we find that immigrants significantly increase exports (elasticity of 0.10), that the effect is almost entirely due to an increase in the extensive margin and that the effect is somewhat stronger for differentiated goods"--National Bureau of Economic Research web site.
700 1 $aRequena, Francisco.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 15625.
856 40 $uhttp://www.nber.org/papers/w15625