International politics affect trade patterns, especially for firms in extractive industries. We construct the firm-level dataset for the U.S. oil-importing companies over 1986-2010 to test whether the state of international relations with the trading partners of the U.S. affect importing behavior of the U.S. firms. To measure "political distance" between the U.S. and her trading partners we use voting records for the UN General Assembly. We find that the U.S. firms, in fact, import significantly less oil from the political opponents of the U.S. Our conjecture is that the decrease in oil imports is mainly driven by large, vertically-integrated U.S. firms that engage in foreign direct investment (FDI) overseas.
権利
Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp
雑誌名
IDE Discussion Paper
雑誌名(英)
IDE Discussion Paper
巻
401
発行年
2013-03-01
出版者
Institute of Developing Economies (IDE-JETRO)
著者版フラグ
publisher
日本十進分類法
568
JEL分類
JEL:F14 - Country and Industry Studies of Trade
JEL:F51 - International Conflicts; Negotiations; Sanctions
JEL:Q34 - Natural Resources and Domestic and International Conflicts
地域/国名
アメリカ合衆国
キーワード(LSH)
United States
Petroleum
International trade
Petroleum industry
International relations
Oil imports
Political distance
FDI
Political limits on the world oil trade : firm-level evidence from US firms
本文
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