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How do exporters expand their product scope and geographical presence? We argue that new exporters are uncertain about their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters add products and countries sequentially, in an...
Persistent link: https://www.econbiz.de/10012534564
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...
Persistent link: https://www.econbiz.de/10013183698
for firms to increase their exports at both the extensive and intensive margins. This effect was driven by a rise in … differentiated product exports, allowing firms to enter new and more sophisticated markets, particularly in high- and upper …
Persistent link: https://www.econbiz.de/10015191578
sales and exporting probabilities but also makes exports less sensitive to trade policy; (ii) the most productive exporters …
Persistent link: https://www.econbiz.de/10011547934
We identify a puzzling management practice gap in China. In the South, a one standard deviation increase in firms' management competency is associated with a 7.5 percent improvement in sales productivity and a 29.2 increase in profitability. But such associations are muted for firms located in...
Persistent link: https://www.econbiz.de/10014477795
Existing micro evidence of firms' price changes tends to show a downward sloping hazard rate - the longer the price of a product has remained the same, the less likely it is that the price will change. Using a panel of Norwegian plant- and product-specific prices, we also find a downward sloping...
Persistent link: https://www.econbiz.de/10011872937
disproportionately more to higher-income destinations. A 10 percent increase in market potential raises the income elasticity of exports …
Persistent link: https://www.econbiz.de/10015407395
repositions its export portfolio in the global market, or how the country “brand” itself through its exports to the world. Using …
Persistent link: https://www.econbiz.de/10015394153
imports from other countries such as Mexico? Using highly disaggregated data on the universe of Mexican firm-level exports, we …
Persistent link: https://www.econbiz.de/10015414139
This paper examines the impact of protectionist policies on exports within global value chains (GVCs), using the COVID … estimate an elasticity of exports with respect to intermediate imports of 0.4. A one standard-deviation increase in COVID … restrictions in sourcing countries led to a 3.7% decline in intermediate exports. These findings reveal a paradox: policies aimed …
Persistent link: https://www.econbiz.de/10015404476