Big hits in export growth

• 成果类型: Article
• 署名作者: Jaud, Melise; Cadot, Olivier; Disdier, Anne-Celia; Suwa-Eisenmann, Akiko
• 署名单位: The World Bank; University of Lausanne; Centre for Economic Policy Research - UK; INRAE; Paris School of Economics
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2024.103310
• 发表日期: 2024
• 关键词: Exports; Big hits; Exporting firms; Export dynamics

摘要

This paper identifies export accelerations at the country pair -product level that are large enough to drive aggregate export growth in the medium run. In a sample of 100 countries, these export big hitsare rare, less than 2 percent of all export spells, yet account for over two-thirds of export growth in a given country. The paper then explores their microfoundations using matched customs -census firm -level data for France. We find that typically, two firms are sufficient to generate a big hit and these firms' access to external financing is key to their ability to drive export success. Moreover, big hits spread within firms across destinations and products. Our results offer new evidence on the granularity of export growth by linking micro -level entrepreneurial decisions with country -level export outcomes.