Exporter Dynamics and Partial-Year Effects | |
Bernard, Andrew B. ; Boler, Esther Ann ; Massari, Renzo ; Reyes, Jose-Daniel ; Taglioni, Daria | |
American Economic Association | |
关键词: EXPORT COMPETITIVENESS; TRADE; FIRM ENTRY; | |
DOI : 10.1257/aer.20141070 RP-ID : 122569 |
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学科分类:社会科学、人文和艺术(综合) | |
来源: World Bank Open Knowledge Repository | |
【 摘 要 】
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.
【 预 览 】
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