multi-product exporters, carry-along trade and the margins of….pdf

Working Paper Research Multi-product exporters, carry-along trade and the margins of trade by Andrew B. Bernard, Ilke Van Beveren and Hylke Vandenbussche October 2010 No 203 NBB WORKING PAPER No. 203 - OCTOBER 2010 Editorial Director Jan Smets, Member of the Board of Directors of the National Bank of Belgium Editoral On October 14-15, 2010 the National Bank of Belgium hosted a Conference on "International trade: threats and opportunities in a globalised world". Papers presented at this conference are made available to a broader audience in the NBB Working Paper Series (). Statement of purpose: The purpose of these working papers is to promote the circulation of research results (Research Series) and analytical studies (Documents Series) made within the National Bank of Belgium or presented by external economists in seminars, conferences and anised by the Bank. The aim is therefore to provide a platform for discussion. The opinions expressed are strictly those of the authors and do not necessarily reflect the views of the National Bank of Belgium. Orders For orders and information on subscriptions and reductions: National Bank of Belgium, Documentation - Publications service, boulevard de Berlaimont 14, 1000 Brussels. Tel +32 2 221 20 33 - Fax +32 2 21 30 42 The Working Papers are available on the website of the Bank: . ? National Bank of Belgium, Brussels All rights reserved. Reproduction for educational and mercial purposes is permitted provided that the source is acknowledged. ISSN: 1375-680X (print) ISSN: 1784-2476 (online) Multi-Product Exporters, Carry-Along Trade and the Margins of Trade ? Andrew B. Bernard y Tuck School of Business at Dartmouth, CEPR & NBER Ilke Van Beveren z Lessius Department of Business Studies&KULeuven-LICOS Hylke Vandenbussche x IRES-CORE, Université Catholique de Louvain, KULeuven-LICOS, & CEPR This Version: September 2010 Abstract New empirical and theoretical work has highlighted the importance of multi-prod