A Regional Look at U.S. International Trade

Economic activity at the state level varies greatly across U.S. regions, with different states specializing in the production of particular goods and services. This heterogeneity in activity informs the geographic distribution of U.S. imports and exports. Using U.S. Census Bureau foreign trade stati...

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Bibliographic Details
Published in:Review - Federal Reserve Bank of St. Louis 2016-01, Vol.98 (1), p.17-39
Main Authors: Dvorkin, Maximiliano, Shell, Hannah G
Format: Article
Language:English
Subjects:
Aircraft
Analysis
Automation
Census
Census of Population
Censuses
Commodities
Economic activity
Economic models
Exports and imports
Geographic distribution
Globalization
Heterogeneity
International economic relations
International trade
International trade regulation
Interpretation and construction
Laws, regulations and rules
Location
Per capita
Product differentiation
Production
Regions
Services
Shipments
Statistics
US exports
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Summary:Economic activity at the state level varies greatly across U.S. regions, with different states specializing in the production of particular goods and services. This heterogeneity in activity informs the geographic distribution of U.S. imports and exports. Using U.S. Census Bureau foreign trade statistics, the authors examine the distribution of U.S. international trade at the state level, controlling for commodities and major trading partners. They find that trade activity varies greatly from state to state and identify two factors affecting this pattern-proximity to a trading partner and geographic location of industries. This analysis is descriptive but can be seen as a step toward understanding the local impact of globalization and asymmetric trade exposure across U.S. regions.
ISSN:0014-9187
2163-4505
DOI:10.20955/r.2016.17-39