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econ.GN2026
Reassessing the role of intermediaries in exports
Aitor Garmendia-Lazcano, Raúl Mínguez, Asier Minondo
Previous studies conclude that intermediaries account for a large share of exports. Using Spanish firm-level data, we show that many firms classified as intermediaries are either m…
econ.GN2026
How Firms Export: An Assignment Theory of Export Organization
Raúl Mínguez, Asier Minondo
This paper develops a model in which direct exporters, indirect exporters, pure intermediaries, and hybrid exporters emerge endogenously from the assignment of products to export p…
econ.GN2024
The increasing share of low-value transactions in international trade
Raúl Mínguez, Asier Minondo
This paper documents a new feature of international trade: the increase in the share of low-value transactions in the total volume of transactions. Using Spanish data, we show that…