Models in which heterogeneous plants face sunk export entry costs are standard tools in the international trade … export small amounts and — conditional on continuing in the export market — grow gradually over several years. New exporters … are most likely to exit the export market in their first few years. We construct a dynamic discrete choice model of …

to identify how these frictions affect export decisions. We introduce a borrowing constraint and working capital … model can quantitatively account for new exporter dynamics, in contrast to a model with sunk export entry costs. We provide …

different, depending on whether the export decision refers to a core or a peripheral market, it is plausible that while firms … fact that the trade hysteresis literature builds on data on the core market decision to export or not, and that the trade …. Second, using firm-product-destination-specific export data for all firms in the Swedish food chain for the period 1997 …