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that changes in various extensive margins (new markets, new goods) account for over 30 percent of export growth over this …-level characteristics interacting with destination-specific characteristics. We confirm that export growth for “new” products was stronger …
Persistent link: https://www.econbiz.de/10012954913
, Kortum and Kramarz, in particular the higher sales in France of firms that choose to export to more destinations. The model … predicts that most firms do not export, and that a large proportion of firms that export in particular markets do so in small …
Persistent link: https://www.econbiz.de/10012770681
Exporting firms often enter foreign markets that are similar to previous export destinations. We develop a dynamic … to its previous export destinations (extended gravity). Given the large number of export paths from which forward …, we estimate that having similarities with a prior export destination in geographic location, language, and income per …
Persistent link: https://www.econbiz.de/10013058240
We show that in successful episodes of export market entry, there are statistically and economically significant post …
Persistent link: https://www.econbiz.de/10013224339
aggregate export and FDI sales relative to the domestic and foreign market sizes. In particular, it is shown that firm level … heterogeneity is an important determinant of relative export and FDI flows. We use the model to derive testable empirical … predictions on the relative aggregate export and FDI sales in a given country for a given sector based both on relative costs and …
Persistent link: https://www.econbiz.de/10013232882
reverse this prediction. Data for 1070 large Japanese firms reveal that firms that invest abroad and export are more … productive than firms that just export. Among overseas investors, more productive firms span a wider range of host-country income …
Persistent link: https://www.econbiz.de/10013310603
manufacturers: (1) Firms differ substantially in export participation, with most selling only at home; (2) The number of firms …
Persistent link: https://www.econbiz.de/10013324638
Firm size follows Zipf's Law, a very fat-tailed distribution that implies a few large firms account for a disproportionate share of overall economic activity. This distribution of firm size is crucial for evaluating the welfare impact of economic policies such as barriers to entry or trade...
Persistent link: https://www.econbiz.de/10013138768
Many economic decisions involve a binary choice - for example, when consumers decide to purchase a good or when firms decide to enter a new market. In such settings, agents' choices often depend on imperfect expectations of the future payoffs from their decision (expectational error) as well as...
Persistent link: https://www.econbiz.de/10013075411
In what order should a developing country adopt policy reforms? Do some policies complement each other? Do others substitute for each other? To address these questions, we develop a two-country dynamic general equilibrium model with entry and exit of firms that are monopolistic competitors. The...
Persistent link: https://www.econbiz.de/10013001790