This paper characterizes the dynamic empirical properties of country export capabilities in order to inform modelling … heavy-tailed distribution of industry export capabilities that is approximately log normal and whose shape is stable across … productivities. We establish that mean reversion in export capability, rather than indicative of convergence in productivities or …

-12% of the decrease in the world DVA ratio as observed between 2000-2007. For China, the counterfactual experiment robustly … replicates the increase in the DVA ratio, driven by the export-processing zones. Furthermore, our results imply that China's WTO …

. It builds on the idea that the import demand of the domestic country should be reflected in the expected export …

rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …

between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology …

ventures in China from 1998 to 2007—roughly a quarter of all international joint ventures in the world—we find, first, that …