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Temperatures, Heterogeneous Exporters and Aggregate Trade

Abstract : This paper studies exporting firms’ reaction to weather shocks in destination countries, and the role played by trade diversion as the main shock-coping strategy, both at the micro and at the aggregate levels. Using detailed customs data from France, from 1995 to 2009, I show that trade at the firm-level is deterred by temperatures in foreign markets. Then, trade diversion is the main shock-coping strategy used by exporters. Third, this strategy generates aggregate trade fluctuations as this coping strategy is reserved to large, multi-destination firms, that account for large amount of exports in the aggregate. Overall, results show that the geography of exports across markets both at the firm and the aggregate levels are affected by temperature shocks.
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Preprints, Working Papers, ...
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https://hal.inrae.fr/hal-02965228
Contributor : Clément Nedoncelle Connect in order to contact the contributor
Submitted on : Tuesday, October 13, 2020 - 10:05:53 AM
Last modification on : Tuesday, June 15, 2021 - 2:57:32 PM

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  • HAL Id : hal-02965228, version 1

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Clément Nedoncelle. Temperatures, Heterogeneous Exporters and Aggregate Trade. 2020. ⟨hal-02965228⟩

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