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 … sales and exporting probabilities but also makes exports less sensitive to trade policy; (ii) the most productive exporters … regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …