Surviving globalisation

• 成果类型: Article
• 署名作者: Greenaway, David; Gullstrand, Joakim; Kneller, Richard
• 署名单位: University of Nottingham; Lund University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2007.08.005
• 发表日期: 2008
• 页码: 264-277
• 关键词: industry dynamics; international trade; EXIT; closure; merger

摘要

This paper investigates the effects of international trade on trims' strategies for industry exit, either via closedown, switching industry or being acquired. We use a rich dataset of Swedish firms that extends over two decades to track firm choices between alternative strategies. We find that higher levels of international competition increase the probability of exit by merger and closedown. If trade is more intra-industry in character, the effect of import penetration on the probability of exit is less. The probability of exit by switching industry is higher in revealed comparative disadvantage industries. Finally, we find that the geographical source of international competition is important, the effects of trade on exit being strongest when trading partners are other OECD countries. (c) 2007 Elsevier B.V. All rights reserved.