caa a22 4500 378899015 CHVBK 20180915123325.0 cr unu---uuuuu 161128e20040825xx s 000 0 eng 10.2202/1538-0637.1071 doi (NATIONALLICENCE)gruyter-10.2202/1538-0637.1071 The Value of Information in International Trade: Gains to Outsourcing through Hong Kong [Elektronische Daten] [Robert C Feenstra, Gordon H. Hanson, Songhua Lin] In this paper, we estimate the benefits to countries that purchase goods from China by having access to intermediary services provided in Hong Kong. Traders in Hong Kong supply information on markets and producers in China, which provides welfare gains to foreign firms using these services. During the 1990s, Hong Kong intermediated about one-half of the goods that China exported to the rest of the world. Using constant elasticity demand curves, we find that the gains to intermediary services provided by Hong Kong are roughly equal to the value of these Hong Kong re-exports, and four to five times larger than the markups earned in Hong Kong. Using a linear approximation to the demand curves instead, we find that the gains are one-quarter as much as the value of re-exports, or slightly larger than the markups. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston information nationallicence hong kong nationallicence discrete choice nationallicence outsourcing nationallicence Feenstra Robert C. University of California. Davis and National Bureau of Economic Research, rcfeenstra@ucdavis.edu aut Hanson Gordon H. University of California, San Diego, and National Bureau of Economic Research, gohanson@ucsd.edu aut Lin Songhua Denison University, lins@denison.edu aut Advances in Economic Analysis & Policy De Gruyter 4/1(2004-08-25) 4:1 2004 4 bejeap https://doi.org/10.2202/1538-0637.1071 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1538-0637.1071 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Feenstra Robert C. University of California. Davis and National Bureau of Economic Research, rcfeenstra@ucdavis.edu aut NATIONALLICENCE 700 1- Hanson Gordon H. University of California, San Diego, and National Bureau of Economic Research, gohanson@ucsd.edu aut NATIONALLICENCE 700 1- Lin Songhua Denison University, lins@denison.edu aut NATIONALLICENCE 773 0- Advances in Economic Analysis & Policy De Gruyter 4/1(2004-08-25) 4:1 2004 4 bejeap CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence SWISSBIB 079469574 BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter