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Learning by exporting refers to the mechanism whereby firms improve their performance (productivity) after entering … from a large internal inconsistency: they rely on an exogenous evolving productivity process. I show how recent proxy … estimators can accommodate endogenous productivity processes such as learning by exporting. I rely on my framework to discuss the …
Persistent link: https://www.econbiz.de/10013068993
In this paper, we propose an extension of the productivity decomposition method developed by Olley & Pakes (1996). This … extension provides an accounting for the contributions of both firm entry and exit to aggregate productivity changes. It breaks … productivity and another accounting for market share reallocations among those firms - following the same methodology as the one …
Persistent link: https://www.econbiz.de/10013065931
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10013070230
differ by export mode. We find that demand and productivity evolve more favorably under direct exporting, though the fixed …
Persistent link: https://www.econbiz.de/10013022601
A growing body of empirical work has documented the superior performance characteristics" of exporting plants and firms relative to non-exporters. Employment, shipments and capital intensity are all higher at exporters at any given moment. This paper asks whether good" firms become exporters or...
Persistent link: https://www.econbiz.de/10013246269
We weigh into the debate about whether rising productivity is ever a consequence rather than a cause of exporting …. Exporting and investing to raise productivity are complimentary activities. For lower-productivity firms, incurring the fixed … foreign tariffs will induce these firms to simultaneously export and invest in productivity. In contrast, lower foreign …
Persistent link: https://www.econbiz.de/10012750349
We present a heterogeneous-firm model in which management ability increases both production efficiency and product quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First, better...
Persistent link: https://www.econbiz.de/10012916617
that both are simultaneously determined by countries' capabilities i.e. by countries' productivity and quality levels for …. This suggests that the main challenge for low-income countries is to raise quality and productivity in their existing …
Persistent link: https://www.econbiz.de/10013129123
-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use "exact hat algebra" to quantify the effects of a decline in trade costs on …
Persistent link: https://www.econbiz.de/10012908824
unanticipated and large, they are a plausible instrument for identifying the impact of exporting on firm productivity and other … that export growth leads to increases firm productivity and other firm performance measures. Consistent with quot …;earning-by-exportingquot;, the productivity impact of export growth is greater when firms export to more developed countries …
Persistent link: https://www.econbiz.de/10012758022