Research Spotlight: Identifying Firm Heterogeneity in Value Added and Trade for U.S. Businesses

摘要

This article discusses a new economic accounting framework for the United States that describes the production and sourcing patterns for different types of firms in an industry. The estimates show that domestic value added by an industry as a share of output is lower for globally engaged firms, compared with domestically oriented firms, and that exports and imports of goods as a share of output are larger for globally engaged firms.