Jeronimo Carballo

Department of Economics
University of Maryland
College Park, MD 20742

Graduate Program:
301-405-3544

Undergraduate Program:
301-405-3266

Research

Job Market Paper


Global Sourcing under Uncertainty [Pdf]

I examine how firms' global sourcing strategies affect their responses to economic crisis such as the 2008-2009 recession. I model firms' entry, exit and sourcing decisions (integrated production or outsourcing) under demand uncertainty. Uncertainty increases the option value of waiting, resulting in less integration as well as less entry and exit. Additionally, I show that trade decisions of integrated firms are less sensitive to uncertainty shocks. I test these predictions using detailed U.S. firm level exports during 2002-2011 and find that integration reduces the probability that a firm exits by as much as 8%, while uncertainty increases this probability by 14%.

Presented at
: European Trade Study Group 2013, Inter-American Development 2014.

Publications


[1] Is Export Promotion Effective in Developing Countries? Firm-Level Evidence on the Intensive and the Extensive Margins of Exports with Christian Volpe Martincus, Journal of International Economics, 2008. [Pdf] [Abstract]

[2] Beyond The Average Effects: The Distributional Impacts of Export Promotion Programs In Developing Countries with Christian Volpe Martincus, Journal of Development Economics, 2010. [Pdf] [Abstract]

[3] Entering New Country and Product Markets: Does Export Promotion Help? with Christian Volpe Martincus, Review of World Economics, 2010. [Pdf] [Abstract]

[4] Export Promotion: Bundled Services Work Better with Christian Volpe Martincus, The World Economy, 2010. [Pdf] [Abstract]

[5] The Impact of Export Promotion Institutions on Trade: Is It the Intensive or the Extensive Margin? with Andres Gallo and Christian Volpe Martincus, Applied Economics Letters, 2010. [Pdf] [Abstract]

[6] Public Programs to Promote Firms' Exports in Developing Countries: Are There Heterogeneous Effects by Size Categories? with Pablo Garcia and Christian Volpe Martincus, Applied Economics, 2012. [Pdf] [Abstract]

[7] Export Promotion Activities in Developing Countries: What Kind of Trade Do They Promote? with Christian Volpe Martincus, Journal of International Trade and Development, 2012. [Pdf] [Abstract]

[8] How Do Transport Costs Affect Firms' Exports? Evidence from a Vanishing Bridge with Alejandro Graziano, Pablo Garcia and Christian Volpe Martincus, Economics Letters, 2014. [Pdf] [Abstract]


Working Papers


[1] The Buyers Margins of Firms' Exports with Gianmarco Ottaviano and Christian Volpe Martincus, 2013. [Pdf] [VoxEU Article] [Abstract]

[2] Routes, Exports, and Employment in Developing Countries: Following the Trace of the Inca Roads with Ana Cusolito and Christian Volpe Martincus, Submitted, 2014. [Pdf] [VoxEU Article] [Abstract]

Presented at: International Growth Center Conference: Trade and Firm Capabilities, Berkeley, 2013 (by co-author); CEPR Conference: Causal Analysis in International Trade, Villars, 2013 (by co-author)

[3] Customs as Doorkeepers: What Are Their Effects on International Trade? with Alejandro Graziano and Christian Volpe Martincus, Submitted, 2013. [Pdf] [Abstract]

[4] Transit Trade with Alejandro Graziano, Georg Schaur and Christian Volpe Martincus. [Pdf] [Abstract]

Scheduled: 2015 ASSA Meeting (by co-author)

[5] The Heterogeneous Costs of Port-of-Entry Delays with Alejandro Graziano, Georg Schaur and Christian Volpe Martincus. [Pdf] [Abstract]

Scheduled: 2014 Empirical Investigation in International Trade (EIIT) (by co-author)

Work in Progress


[1] Trade Collapses: the Role of Economic and Policy Uncertainty in the Great Recession with Kyle Handley and Nuno Limao, 2014 [Abstract].

Presented at: 2014 ASSA Meeting (by co-author)