Using disaggregated customs data about exporters from nine countries, I demonstrate that informational externalities are determinants of entry, survival, and growth of exporters at the product–destination market level. I show that exporters who optimize entry decisions and internalize...

Using exporter-level data from Bulgaria, Burkina Faso, Egypt, Guatemala, Jordan, Malawi, Mexico, Peru, and Senegal, as well as controlling for supply and demand shocks, I find that late-movers outperform first-movers in product-destination export markets.

Do export sanctions cause export deflection? Data on Iranian non-oil exporters between January 2006 and June 2011 shows that two-thirds of these exports were deflected to non-sanctioning countries after sanctions were imposed in 2008, and that at this time aggregate exports actually increased....

Using firm-level data, we document that politically connected firms (PCFs) create more jobs than unconnected firms in Lebanon. We observe, however, that the presence of PCFs in a sector is correlated with lower job creation. Although causality is difficult to establish due to endogeneity issues,...

It is argued that compared with large countries, small countries rely more on trade and therefore they are more likely to adopt liberal trading policies. The present paper extends this idea beyond the conventional trade openness measures by analyzing the relationship between country size and the...

The Eurozone recent crisis has shown how balance of payments problems in less developed European Monetary Union (EMU) member countries can affect EMU trading partners, spreading the crisis to a larger group of countries. This paper introduces a three-country dynamic general equilibrium model to...

The sale and consumption of cannabis are becoming more broadly accepted worldwide as research into its medicinal uses accelerates. Revenue in the global medical cannabis market is projected to reach 12.92 billion US dollars (USD) in 2023, and is expected to grow by 13.16% annually, resulting in...