| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8103 |
| DP8103 Sequential Exporting | |
| Héctor Calvo Pardo; Emanuel Ornelas; Gregory Corcos; Facundo Albornoz-Crespo | |
| 发表日期 | 2010-11-08 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Many new exporters give up exporting very shortly, despite substantial entry costs; others shoot up foreign sales and expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of exporting firms. We posit that individual export profitability, while initially uncertain, is positively correlated over time and across destinations. This leads to ?sequential exporting,? where the possibility of profitable expansion at the intensive and extensive margins makes initial entry costs worthwhile despite high failure rates. Firm-level evidence from Argentina?s customs, which would be difficult to reconcile with existing models, strongly supports this mechanism. Importantly, sequential exporting has novel policy implications: a reduction in trade barriers has delayed effects, while also promoting entry in third markets. This trade externality poses challenges for the quantification of the effects of trade liberalization programs and implies that the consequences of international trade agreements are significantly richer than traditional models suggest. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Experimentation Export dynamics Learning Trade liberalization Uncertainty |
| URL | https://cepr.org/publications/dp8103 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536963 |
| 推荐引用方式 GB/T 7714 | Héctor Calvo Pardo,Emanuel Ornelas,Gregory Corcos,et al. DP8103 Sequential Exporting. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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