Our focus is the effects of exchange rate movements on firm decisions on export market entry and export intensity. Using data on UK manufacturing firms we find that exchange rate movements have little effect on firm export participation but have a significant impact on export shares. We also...

We develop and analyze an entry model that predicts that the likelihood that foreign firms enter a country increases with the productivity gap between foreign and domestic firms. The intuition is that foreign firms locate where their competitive advantage is highest and thus enter countries...

Each year around 8 per cent of Swedish manufacturing firms leave an industry. Of the exit routes available, the least likely is firm closure. Firms are more likely to merge, become acquired or switch to a new industry. We investigate the importance of various firm and industry characteristics...

Financial constraints are often cited as an important obstacle to firms' investment. This paper explores, for the first time, whether this conclusion also applies to firms' export market participation decisions. Using a panel of 9352 UK manufacturing firms over the period 1993-2003, we find that...

Consisting of teams working with firm level data, the International Study Group on Exports and Productivity has used comparable micro level panel data for 14 countries and a set of identically specified empirical models to investigate the relationship between exports and productivity. The...

This two-volume set is an indispensable selection of recent and classic research papers exploring the link between globalization and productivity growth. The editors' careful selection includes articles that focus on the impact of globalization on aggregate productivity, openness, international...

This two-volume set is an indispensable selection of recent and classic research papers exploring the link between globalization and productivity growth. The editors’ careful selection includes articles that focus on the impact of globalization on aggregate productivity, openness,...

Exporting involves sunk costs, so some firms export whilst others do not. This proposition derives from a number of models of firm behavior and has been exposed to microeconometric analysis. Evidence from the latter suggests that exporting firms are generally more productive than nonexporters....

Economic analysis of adjustment to globalisation has shifted from countries and industries to firms and plants. One particularly fruitful area for research has been aspects of entry to, participation in and exit from export markets. This paper contributes to that literature. Its focus is the...