Sequentially exporting products across countries

Sequentially exporting products across countries
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产品陆续出口各国

DOI:
10.1016/j.jinteco.2023.103735
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发表时间:
2023
影响因子:
3.3
通讯作者:
Albornoz F
Albornoz F
中科院分区:
经济学1区
文献类型:
--
作者:
Albornoz F

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利用法国出口商的分类数据,我们表明,公司扩大其产品范围和地理位置顺序。这一国际化进程在一段时间内是不均衡的,在出口商的生命周期中,早期比后期表现出更大的波动性。具体而言,年轻的出口商特别有可能退出,如果他们继续出口,在密集和次广泛的利润率上扩大,在进入新的目的地之前扩大目的地的产品范围。我们还发现,企业的核心产品特别有弹性,尽管在进入其他国家时被用来“试水沃茨”。现有的企业出口动态模型并不能解释这些经验性的错误。我们认为,他们可以合理化的机制,新的出口商是不确定的盈利能力,他们的产品在不同的市场,但从他们最初的出口经验,然后相应地调整他们的销售,产品数量和目的地国家。
Exploiting disaggregated data on French exporters, we show that firms expand their product scope and geographical presence sequentially. This process of internationalization is uneven over time, exhibiting more volatility early than later in the life cycle of exporters. Specifically, young exporters are particularly likely to exit, and if they keep exporting, to expand at the intensive and sub-extensive margins, doing so by widening product scope within a destination before entering new destinations. We also find that firms' core products are particularly resilient despite being used to “test the waters” when entering additional countries. Existing models of firm export dynamics are not designed to explain these empirical regularities. We argue that they can be rationalized by a mechanism where new exporters are uncertain about the profitability of their products in different markets, but learn from their initial export experiences and then adjust their sales, number of products and destination countries accordingly.
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