We argue that, under certain conditions, firms consider exports as a substitute for domestic demand. Our econometric … model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export … developments are relevant for short-run export dynamics particularly during more extreme stages of the business cycle. A …

and Portugal) the results underscore the empirical validity of the export hysteresis under uncertainty model. …We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a … export market and vice versa takes place in a smooth manner. Areas of weak reaction of exports to changes in domestic demand …

is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of … hysteresis effect - is quite popular among economists. However, because of an identification problem, much of the empirical … evidence for hysteresis. …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change … measure uncertainty about profits and technological change, while the latter enables us to obtain information on the industry …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

differ from those in an export-only model. Calibrating our model to rich firm-level data from France and Norway, our main …

This paper uses fractional integration and cointegration methods to analyse the determinants of the amount of loans … provided to non-financial corporations (NFCs) during the last three decades in four Eurozone countries, namely Germany, France …

within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro …