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N° 2008-06 |
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| April 2008 |
| The Euro and the Intensive and Extensive Margins of Trade: Evidence from French Firm Level Data |
Antoine Berthou
Lionel Fontagné |
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| We improve the study of the effects of a Currency Union on trade. Using data on French exports at the firm level, we compute an intensive and extensive margins of French exports - with a variety dimension - over the period 1998-2003. Estimation results indicate that nominal exchange rate volatility has a negative effect, which translates into the intensive and extensive margins. We also provide some evidence that the euro had an additional positive effect on the extensive margin; this effect is not related to the reduced nominal exchange rate volatility. This suggests a new varieties effect of the euro. |
Non-technical summary |
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Résumé
non-technique
en français |
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| Full text |
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| Trade; export margins; euro |
Keywords |
| F15 |
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