Occasional and perennial exporters

• 成果类型: Article
• 署名作者: Blum, Bernardo S.; Claro, Sebastian; Horstmann, Ignatius J.
• 署名单位: University of Toronto; Central Bank of Chile; Pontificia Universidad Catolica de Chile
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2012.11.002
• 发表日期: 2013
• 页码: 65-74
• 关键词: Export decision; capacity constraints; Specific factor firm-level trade model

摘要

We document several new features of firms' export entry and exit behaviors: i) one-third of exporting firms enter into and exit from exporting multiple times; ii) most continuing exporters enter and exit specific export destinations multiple times; iii) firms re-entering exporting often sell the same product(s) to the same importer(s). We provide a model in which this behavior is an optimal response for firms facing increasing costs and stochastic demand. The model has a number of predictions that do not come out of models of trade in which firms have constant marginal cost. Our data strongly support these predictions. (C) 2012 Elsevier B.V. All rights reserved.