NEW EXPORTER DYNAMICS

被引：50
|
作者：
Ruhl, Kim J.
Willis, Jonathan L.
机构：
[1] Penn State Univ, University Pk, PA 16802 USA
[2] Fed Reserve Bank Kansas City, Kansas City, MO USA
来源：
INTERNATIONAL ECONOMIC REVIEW | 2017年 / 58卷 / 03期
基金：
美国国家科学基金会;
关键词：
INTERNATIONAL-TRADE; SUNK COSTS; ENTRY; FIRMS; HETEROGENEITY; PRODUCTIVITY; HYSTERESIS; SELECTION; INDUSTRY; DEMAND;
D O I：
10.1111/iere.12232
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We document that new exporters initially export small amounts, grow gradually, and are most likely to exit the export market in their first few years. We find that the standard sunk-cost model cannot replicate these new exporter dynamics: New exporters grow too large too quickly and live too long. In a modified sunk-cost model that can account for these facts, the entry costs needed to match the data are three times smaller than in the sunk-cost model. Dynamic models with richer plant-level heterogeneity are needed.
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页码：703 / 726
页数：24
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