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Exporter Dynamics and Partial-Year Effects

delete2017-10-01
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OA
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B
Bernard, Andrew B. *
E
Esther Ann Bøler
R
Renzo Massari
J
José‐Daniel Reyes
T
Taglioni, Daria
DOI:10.1257/aer.20141070delete
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摘要

摘要

En 中文
Two identical firms who start exporting in different months, one each in January and December, will report dramatically different exports for the first calendar year. This partial-year effect biases down first-year export levels and biases up first-year export growth rates. For Peruvian exporters, the partial-year bias is large: first-year export levels are understated by 54 percent and the first-year growth rate is overstated by 112 percentage points. Correcting the partial-year effect dramatically reduces first-year export growth rates, raises initial export levels, and almost doubles the contribution of net firm entry and exit to overall export growth.
Keyword:
SUNK COSTS
MODEL
TRADE
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American Economic Review 封面图
American Economic Review
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The World Bank
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