Search Frictions in International Goods Markets

Clémence Lenoir (), Julien Martin and Isabelle Mejean
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Clémence Lenoir: CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper studies how frictions in the acquisition of new customers distort the allocation of activities across heterogeneous producers. We add bilateral search frictions in a Ricardian model of trade and use French firm-to-firm trade data to estimate search frictions faced by French exporters in foreign markets. Estimated coefficients display a strong degree of heterogeneity across countries and products, that correlates with various proxies for information frictions. A counterfactual reduction in the level of search frictions improves the efficiency of the selection process and increases the average productivity of exports, because the least productive exporters are pushed out of the market, whereas exports increase at the top of the productivity distribution.

Keywords: Firm-to-firm trade; Search frictions; Ricardian trade model; Structural estimation (search for similar items in EconPapers)
Date: 2022-01-14
New Economics Papers: this item is included in nep-int
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03812813
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Search Frictions in International Goods Markets (2023)
Working Paper: Search Frictions in International Goods Markets (2022)
Working Paper: Search Frictions in International Goods Markets (2022)
Working Paper: Search Frictions in International Goods Markets (2022)
Working Paper: Search Frictions in International Goods Markets (2022)
Working Paper: Search Frictions in International Good Markets (2019)
Working Paper: Search Frictions in International Good Markets (2018)
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