Replication data for: Importers, Exporters, and Exchange Rate Disconnect
Principal Investigator(s): View help for Principal Investigator(s) Mary Amiti; Oleg Itskhoki; Jozef Konings
Version: View help for Version V1
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Project Citation:
Amiti, Mary, Itskhoki, Oleg, and Konings, Jozef. Replication data for: Importers, Exporters, and Exchange Rate Disconnect. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112833V1
Project Description
Summary:
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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-through across exporters. We develop a theoretical framework with variable markups and imported inputs, which predicts that firms with high import shares and high market shares have low exchange rate pass-through. We test and quantify the theoretical mechanism using Belgian firm-product-level data on imports and exports. Small nonimporting firms have nearly complete pass-through, while large import-intensive exporters have pass-through around 50 percent, with the marginal cost and markup channels contributing roughly equally.
Scope of Project
JEL Classification:
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D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
F14 Empirical Studies of Trade
F31 Foreign Exchange
L60 Industry Studies: Manufacturing: General
D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
F14 Empirical Studies of Trade
F31 Foreign Exchange
L60 Industry Studies: Manufacturing: General
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