The Location of <scp>US</scp> States' Overseas Offices

Cassey, Andrew J.

doi:10.1111/roie.12109

Cited by 14 publications

(9 citation statements)

References 15 publications

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“…The presence of an office in a destination raises exports by a similar amount as the conclusion of a Free Trade Agreement with that country, a remarkable finding. Finally, Cassey (2014) exploits the location of overseas trade-support offices that individual US states have established. In total, his sample contains 228 offices covering 31 countries, with the most active state (Pennsylvania) operating 17 offices.…”

Section: Network Of Foreign Officesmentioning

confidence: 99%

Did export promotion help firms weather the crisis?

Biesebroeck

Konings

Martincus³

2016

Econ Policy

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In the global recession of 2009, exports declined precipitously in many countries. We illustrate with firm-level data for Belgium and Peru that the decline was very sudden and almost entirely due to lower export sales by existing exporters. After the recession, exports rebounded almost equally quickly and we evaluate whether export promotion programs were an effective tool aiding this recovery. We show that firms taking advantage of this type of support did better during the crisis, controlling flexibly for systematic differences between supported and control firms. The primary mechanism we identify is that supported firms are generally more likely to survive on the export market and, in particular, are more likely to continue exporting to countries hit by the financial crisis. We would like to thank Carlos Salamanca Malagón and Victoria Valente for excellent research assistance, the National Bank of Belgium, FIT and PROMPERU for access to the Belgian and Peruvian data respectively, and Heather Booth di Giovanni for helpful suggestions. The views and interpretations in this paper are strictly those of the authors and should not be attributed to the Inter-American Development Bank, its executive directors, its member countries, the National Bank of Belgium, PROMPERU, or FIT. Executive SummaryThe academic literature as advanced and tested several explanations for the notable decline in the volume of international trade during the Great Recession of 2008-2009. Shocks to both demand and trade costs have been suggested as important channels. There has, however, been surprisingly little discussion how governments could help firms cope with the fallout from foreign demand or with the increase in trading frictions.In this paper we first document for Belgium and Peru that trade volumes rebounded remarkably quickly. By 2010 exports had regained their pre-crisis levels and by 2011 they were even back on the pre-crisis trend. Using firm-level information for both countries, we investigate whether export promotion programs played a role in this recovery. A growing literature has documented the success of such programs in raising exports in general and they could be a valuable tool to help the private sector recover from a large trade decline as well.Most countries now run active export promotion programs to facilitate domestic firms' entry into the export market and support subsequent export sales. Rather than provide direct subsidies, these programs work mainly as an information depository or a way to share fixed information acquisition costs between exporters. They help firms to learn about foreign demand for their products, establish relationships with importers, identify promising new distribution channels, and overcome administrative or trade frictions such as customs procedures and differences between domestic and foreign regulations or product standards.The evidence suggests export promotion has indeed been an effective tool to help firms survive on the export market. We show that firms active on the export ma...

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Section: Network Of Foreign Officesmentioning

confidence: 99%

Did export promotion help firms weather the crisis?

Biesebroeck

Konings

Martincus³

2016

Econ Policy

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“…Esta definición permite incluir la literatura que se ha desarrollado desde la mirada de la acción internacional de ciudades (Tavares, 2013;Vigevani, 2006;Lara Pachecho, 2014;Zeraoui, 2016;Milani y Ribeiro, 2011;Curtis, 2014), regiones en estados centralizados como España (Villalonga, 1992;Zamorano y Rodríguez, 2014;Criekemans, 2010) o los Estados en federaciones como en Canadá (Balthazar, 1999;Cohn y Smith, 1996;Dyment, 2011;Huijgh, 2010;Lecours, 2010;McHugh, 2015) y Estados Unidos (Cassey, 2014;Kincaid, 1999;Lowenthal, 2009). Igualmente, nos permite analizar la acción internacional de territorios no soberanos y que no son parte integral de un Estado.…”

Section: Marco Conceptualunclassified

Paradiplomacia en tiempos de desastre en el Caribe: Un análisis de las islas no-soberanas

Serrano¹

2021

oasis

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En el Caribe coexisten múltiples configuraciones políticas de territorios no-soberanos ligados a las metrópolis de Francia, Estados Unidos, Países Bajos y el Reino Unido. En el 2017, varios de estos territorios fueron devastados por los huracanes María e Irma. Estos eventos pusieron a prueba sus relaciones con las metrópolis y mostraron que la paradiplomacia tiene un rol fundamental en responder a desastres naturales. Mediante el empleo de la técnica del incidente crítico, esta investigación analiza documentos primarios publicados meses posteriores a los huracanes para analizar la variación en el empleo de la paradiplomacia. Muestra que mientras los territorios americanos no utilizaron redes paradiplomáticas, los territorios británicos, como las Islas Vírgenes, agenciaron una mayor participación internacional. Esto les permitióasegurar fondos y ayuda técnica de distintas organizaciones regionales e internacionales. Estas diferencias entre las experiencias paradiplomáticas, requieren una mayor teorización, en la cual se analice el impacto de las estructuras versus la agencia de los líderes de cada territorio como posible explicación. Este trabajo descubre entonces la necesidad de un análisis histórico-institucional de la evolución de la paradiplomacia caribeña y la paradiplomacia en general.

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“…() find that national export promotion agencies have a positive impact on exports, Nitsch () finds that state visits promote trade, and Cassey () finds that foreign trade missions by US states led to an increase in state‐level exports. Finally, Cassey () finds evidence to suggest that exports encourage US states to establish overseas offices. These results on aggregate trade flows do not inform us of whether export promotion promotes exports by increasing the exports of existing exporters (intensive margin) or if they make it easier for new firms to enter the market (extensive margin).…”

Section: Introductionmentioning

confidence: 99%

Sizing Up the Impact of Embassies on Exports

Ferguson

Forslid

2018

Scandinavian J Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractThe purpose of this study is to test for the e¤ects of trade promotion via the foreign service. We develop a Melitz-based model where …rms are heterogeneous with respect to productivity and must pay a beachhead cost to enter a foreign market, which can be reduced by government spending on trade promotion. The model predicts that unilateral trade promotion allows medium-sized …rms to export. We test this prediction using Swedish …rm-level data and information on the opening and closing of Swedish embassies abroad using Norwegian …rms as control group. Our results lend support to the predictions of the model, with large and medium-sized …rms responding most strongly to the opening of embassies.JEL Classi…cation: D21, D22, F12, F15

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The Location of US States' Overseas Offices

Cited by 14 publications

References 15 publications

Did export promotion help firms weather the crisis?

Did export promotion help firms weather the crisis?

Paradiplomacia en tiempos de desastre en el Caribe: Un análisis de las islas no-soberanas

Sizing Up the Impact of Embassies on Exports

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