We analyze the export decision of the Turkish manufacturing plants from 1990 to 2001. In addition to the presence of high sunk costs of entry in export markets, we find support for the hypothesis that the full history of exporting matters for the current export decision. However, the effect of...

This report is organized as follows. After this introduction, the second section explains the main data sources used in the study. The third section discusses the relationship between sectoral output growth and employment generation, and presents basic estimates on growth elasticities. The...

This paper investigates the impact of past defaults. and of recently acquired sovereignty on the terms of bank loans for developing countries in the 1970s. We control for countries' repayment indicators and for a measure of their political stability. Our findings are that: 1) The repayment...