Occasional and perennial exporters
Sebastián Claro; Bernardo Blum; Ignatius Horstmann.
Journal of International Economics 90: 65-74, 2013.
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.
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Etiquetas: comercio internacional, exportadores, intercambio comercial