I develop and estimate a model of export dynamics featuring self-discovery that accounts well for new exporter dynamics …: (a) continuation rates that are increasing with tenure, and (b) growth rates of export sales that are decreasing with … discovery stage lasts as long as this option value is positive. I use the model to study the impact of export promotion policies …

This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …