The Rewards of Self-Discovery: Learning and Firm Exporter Dynamics
The Rewards of Self-Discovery: Learning and Firm Exporter Dynamics
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自我发现的回报：学习和企业出口商动态
DOI：
10.36095/banxico/di.2016.08
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发表时间：
2016
期刊：
影响因子：
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通讯作者：
C. Alfonso
中科院分区：
文献类型：
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作者：
C. Alfonso
我开发并估计了一个以自我发现为特征的出口动态模型，该模型很好地解释了新的出口商动态：(a)延续率随着任期的延长而增加，(b)出口销售增长率随着任期的延长而减少。获取更多信息所产生的期权价值是理解企业动态的关键，因为只要该期权价值为正，发现阶段就会持续下去。本文利用该模型研究了临时补贴出口固定成本的出口促进政策的影响。这些政策可能导致贸易总量的长期增长，但其有效性在很大程度上取决于学习的速度。
I develop and estimate a model of export dynamics featuring self-discovery that accounts well for new exporter dynamics:(a) continuation rates that are increasing with tenure, and (b) growth rates of export sales that are decreasing with tenure. The option value generated by the acquisition of more information is key to understanding firm dynamics as the discovery stage lasts as long as this option value is positive. I use the model to study the impact of export promotion policies that temporarily subsidize the fixed costs of exporting. These policies can result in long-lived increases in aggregate trade, but their effectiveness crucially depends on the speed of learning.
DOI：
10.2139/ssrn.1475707
发表时间：
2006-12
期刊：
International Trade
影响因子：
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作者：
A. Bernard;S. Redding;Peter K. Schott
通讯作者：
A. Bernard;S. Redding;Peter K. Schott