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Using transaction data for the U.S., this paper presents a series of stylized facts on exporters in services industries. We find that most of the basic facts on manufacturing exporters extend to the services sectors with three important differences. First, the participation rate of services...
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in export volumes during the crisis. The recession also induced a missing generation of exporters, with large increases … larger export volumes, however, compensating for the decline in the number of exporting firms. Thus, while entry and exit …
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during the recession. The reduction in mortgage supply explains about 15 percent of the employment decline. The job losses …
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