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Using French firm-level trade data, we provide empirical support for a heterogeneous firm model in which exporting requires finding a local partner in each market: contracts are incomplete, exporters must learn the reliability of their partners through experience, and export behaviour is...
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After a long period of catch-up growth that began after the Second World War, France has now reached a technological …'s most innovative economies? Why is it so difficult for France and its economic agents to transform the output of its world … growth?We believe that France has reached a turning point and that there is today a substantial risk that the “institutions …
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