Previous experience, experimentation and export survival: Evidence from firm‐product‐destination level data
Previous experience, experimentation and export survival: Evidence from firm‐product‐destination level data
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以往的经验、实验和出口生存：来自公司产品目的地水平数据的证据
DOI：
10.1111/twec.13115
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发表时间：
2021
期刊：
影响因子：
--
通讯作者：
Silviano Esteve‐Pérez
中科院分区：
文献类型：
--
作者：
Silviano Esteve‐Pérez
本文利用 1997 年至 2015 年期间企业层面的西班牙海关数据，探讨了企业的产品和/或市场出口经验以及新产品目的地出口期生存实验的作用。先前的研究已经记录了经验对出口生存的积极影响。本文通过揭示持续积累的经验（即从产品目的地出口周期开始）、先前的产品和/或目的地市场经验和实验（产品目的地关系的重复）对出口生存的明显影响，为现有文献做出了贡献。我们发现 60% 的新产品出口国在第一年就结束了。此后，危险率随着其持续时间（即年龄）的推移而显着下降。出口新产品比进入新市场面临更高的风险。此外，实验（重复的产品-目的地组合）和以前的经验（特别是在产品层面而不是在目的地层面）显着降低了退出风险。结果与之前的研究一致，即进入市场的沉没成本相对较高，而实验和学习在产品层面更为相关。
This paper explores the role of a firm's product and/or market export experience and experimentation for survival of new product‐destination export spells, using firm‐level Spanish customs data over the period 1997–2015. Previous research has documented a positive impact of experience on export survival. This paper contributes to the extant literature by unravelling the distinct effect on export survival of ongoing accumulated experience (i.e., from the start of a product‐destination export spell), previous product and/or destination‐market experience and experimentation (repetition of product‐destination relationships). We find that 60% of new product‐country export spells end during their first year. Thereafter, the hazard rate remarkably falls with their elapsed duration (i.e., age). Exporting a new product endures a higher risk than entering a new market. Besides, experimentation (repeated product‐destination combinations) and previous experience (especially at product rather than at destination level) significantly lower the exit hazard. The results are consistent with previous studies that suggest that sunk costs to enter markets are relatively high, while experimentation and learning are more relevant at product level.
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