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efficiency increases within exporting firms over time. While there is strong evidence for the former, the latter has received … little support in the data. Previous research has documented minuscule or no efficiency gains within exporting plants. This … efficiency measure that is not affected by prices. We find that marginal costs drop substantially when plants begin to export …
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to identify export-related efficiency gains within plants. Previous research typically derived revenue productivity (TFPR … plants, we compute plant-product level marginal cost as an efficiency measure that is not affected by output prices. For … export entrant products, we find efficiency gains of 15-25%. Because markups remain relatively stable after export entry …
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to identify export-related efficiency gains within plants. Previous research typically derived revenue productivity (TFPR … plants, we compute plant-product level marginal cost as an efficiency measure that is not affected by output prices. For … export entrant products, we find efficiency gains of 15-25%. Because markups remain relatively stable after export entry …
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We argue that multinational enterprises (MNEs) not only strive to minimize transaction costs but also attempt to maximize transaction values when interacting with local firms in foreign markets. We put forth our thesis for the MNE governance structure, contingent on the institutional environment...
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