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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 tenure. The option value generated by the acquisition of...
Persistent link: https://www.econbiz.de/10011489986
This paper investigates theoretically and empirically the endogenous investment decision of firms conditioning on export decision. It shows that theoretically, whatever the form of preferences, firms that start exporting invest more and grow more than the others. However, it is shown that when...
Persistent link: https://www.econbiz.de/10008749631
There are two main options for companies to serve foreign markets: exports and foreign direct investment (FDI). Based … combination of both strategies to serve foreign markets, which is in line with the analyzed three country model. -- exports …
Persistent link: https://www.econbiz.de/10009731799
This study presents recently available data on the microstructure of Dutch exports and the relation between export … participate in exports and foreign direct investment. In addition, we find evidence for the learning-by-exporting hypothesis once …
Persistent link: https://www.econbiz.de/10012979210
is that through market diversification, exports tend to stabilize firms' total sales. We test these predictions, using a …
Persistent link: https://www.econbiz.de/10012728768
's aggregate exports. The data allows for a characterization of both the crosssectional distribution of Mexican exports, across … destinations and across exporting firms, and of the time-series variation in aggregate exports and its relation to time …-series variation in the export supply decisions of firms. It is found that the cross-sectional variation of exports is mostly accounted …
Persistent link: https://www.econbiz.de/10012166191
sales and exporting probabilities but also makes exports less sensitive to trade policy; (ii) the most productive exporters …
Persistent link: https://www.econbiz.de/10013315484
There are two main options for companies to serve foreign markets: exports and foreign direct investment (FDI). Based …
Persistent link: https://www.econbiz.de/10010293319
This article shows how to use the publicy-available firm-level surveys produced by the World Bank Enterprise Surveys (WBES) to reproduce the stylized facts that characterize firm heterogeneity and its relationship with global engagement, as established by Bernard et al. (2007) for manufacturing...
Persistent link: https://www.econbiz.de/10014469855
at least a given fraction of its output - on exports, the intensity of competition and welfare, through the lens of a two …-country model of trade with heterogeneous firms. Our calibrated model suggests that this type of subsidy boosts exports more and …
Persistent link: https://www.econbiz.de/10011481288