Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2016
Using firm and industry data, we establish two facts: (i) Uncertainty about demand conditions not only reduces export … regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation … of export shares from the most to the least productive incumbents. Greater skewness of the demand distribution and …