Opromolla, Luca David; Irarrazabal, Alfonso - EconWPA - 2005
Bernard, Eaton, Jensen and Kortum (2003) and provides additional new predictions. Reentry export costs generate hysteresis in … export participation creating a band of inaction within the stationary distribution of firms’ productivities. The decision to … export becomes history-dependent and new entrants and incumbent firms might sustain temporary negative profits before …