Survival in export markets
Fil: Albornoz, Facundo. Universidad de San Andrés. Departamento de Economía; Argentina.
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| Formato: | Documento de Trabajo Documento de trabajo draft |
| Lenguaje: | Inglés |
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Universidad de San Andrés. Departamento de Economía
2017
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| Acceso en línea: | http://hdl.handle.net/10908/11949 |
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I37-R143-10908-119492024-09-20T21:13:19Z Survival in export markets Albornoz, Facundo Fanelli, Sebastián Hallak, Juan Carlos Fil: Albornoz, Facundo. Universidad de San Andrés. Departamento de Economía; Argentina. Fil: Fanelli, Sebastián. Universidad de San Andrés. Departamento de Economía; Argentina. Fil: Hallak, Juan Carlos. Universidad de San Andrés. Departamento de Economía; Argentina. This paper explores the determinants of rm survival in export markets. Our theoretical framework includes a geometric Brownian motion for rm pro tability, market-speci c sunk and xed exporting costs that are common across rms, and rm- and market-speci c pro tability shifters that are constant over time. We derive the probability of survival upon entry in an export market. We show that this probability increases with the ratio of sunk to xed costs and is insensitive to the pro tability shifters. Also, we show that the survival probability is una ected by xed costs if sunk costs are zero. Combining our theoretical results with observed patterns of survival among Argentine exporters, we infer the impact of distance and experience on the magnitude of sunk and xed costs. In our data set, survival rates upon entry decrease with distance and increase with experience. Hence, we infer that xed costs increase more with distance than sunk cost while xed costs fall with experience su ciently strongly to dominate the fall in sunk costs. These results carry implications on parametrizations of theoretical models of export dynamics and serve as a benchmark to assess structural estimates of xed and sunk costs. 2017-02-01T15:40:34Z 2017-02-01T15:40:34Z 2014-08 Documento de Trabajo info:eu-repo/semantics/workingPaper info:ar-repo/semantics/documento de trabajo info:eu-repo/semantics/draft http://hdl.handle.net/10908/11949 eng Documento de trabajo (Universidad de San Andrés. Departamento de Economía);112 info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía |
| institution |
Universidad de San Andrés |
| institution_str |
I-37 |
| repository_str |
R-143 |
| collection |
Repositorio Digital - Universidad de San Andrés (UdeSa) |
| language |
Inglés |
| description |
Fil: Albornoz, Facundo. Universidad de San Andrés. Departamento de Economía; Argentina. |
| format |
Documento de Trabajo Documento de trabajo Documento de trabajo draft |
| author |
Albornoz, Facundo Fanelli, Sebastián Hallak, Juan Carlos |
| spellingShingle |
Albornoz, Facundo Fanelli, Sebastián Hallak, Juan Carlos Survival in export markets |
| author_facet |
Albornoz, Facundo Fanelli, Sebastián Hallak, Juan Carlos |
| author_sort |
Albornoz, Facundo |
| title |
Survival in export markets |
| title_short |
Survival in export markets |
| title_full |
Survival in export markets |
| title_fullStr |
Survival in export markets |
| title_full_unstemmed |
Survival in export markets |
| title_sort |
survival in export markets |
| publisher |
Universidad de San Andrés. Departamento de Economía |
| publishDate |
2017 |
| url |
http://hdl.handle.net/10908/11949 |
| work_keys_str_mv |
AT albornozfacundo survivalinexportmarkets AT fanellisebastian survivalinexportmarkets AT hallakjuancarlos survivalinexportmarkets |
| _version_ |
1816376689661313024 |