Export entry and exit by German firms

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Export entry and exit by German firms. / Bernard, Andrews B.; Wagner, Joachim.
in: Weltwirtschaftliches Archiv, Jahrgang 137, Nr. 1, 2001, S. 105-123.

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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Bernard AB, Wagner J. Export entry and exit by German firms. Weltwirtschaftliches Archiv. 2001;137(1):105-123. doi: 10.1007/BF02707602

Bibtex

@article{22bdf42dd12643fb89e5f3cf61140cab,
title = "Export entry and exit by German firms",
abstract = "Export Entry and Exit by German Firms. - While exports have played an important role in German business cycles, little is known about the export supply response of German firms. This paper presents a dynamic model of the export decision by a profit-maximizing firm. Using a panel of German manufacturing plants, we test for the role of plant characteristics and sunk costs in the entry decision. We find evidence for substantial sunk costs: exporting today by a plant increases the probability by 50 percent that the plant will export tomorrow. This advantage depreciates quickly, falling by two-thirds in a year. The authors also find evidence that plant success, as mea-sured by size and productivity, increases the likelihood of exporting.",
keywords = "Economics, Deutschland , Export ",
author = "Bernard, {Andrews B.} and Joachim Wagner",
year = "2001",
doi = "10.1007/BF02707602",
language = "English",
volume = "137",
pages = "105--123",
journal = "Weltwirtschaftliches Archiv",
issn = "0043-2636",
publisher = "Springer",
number = "1",

}

RIS

TY - JOUR

T1 - Export entry and exit by German firms

AU - Bernard, Andrews B.

AU - Wagner, Joachim

PY - 2001

Y1 - 2001

N2 - Export Entry and Exit by German Firms. - While exports have played an important role in German business cycles, little is known about the export supply response of German firms. This paper presents a dynamic model of the export decision by a profit-maximizing firm. Using a panel of German manufacturing plants, we test for the role of plant characteristics and sunk costs in the entry decision. We find evidence for substantial sunk costs: exporting today by a plant increases the probability by 50 percent that the plant will export tomorrow. This advantage depreciates quickly, falling by two-thirds in a year. The authors also find evidence that plant success, as mea-sured by size and productivity, increases the likelihood of exporting.

AB - Export Entry and Exit by German Firms. - While exports have played an important role in German business cycles, little is known about the export supply response of German firms. This paper presents a dynamic model of the export decision by a profit-maximizing firm. Using a panel of German manufacturing plants, we test for the role of plant characteristics and sunk costs in the entry decision. We find evidence for substantial sunk costs: exporting today by a plant increases the probability by 50 percent that the plant will export tomorrow. This advantage depreciates quickly, falling by two-thirds in a year. The authors also find evidence that plant success, as mea-sured by size and productivity, increases the likelihood of exporting.

KW - Economics

KW - Deutschland

KW - Export

UR - http://www.scopus.com/inward/record.url?scp=0035609004&partnerID=8YFLogxK

U2 - 10.1007/BF02707602

DO - 10.1007/BF02707602

M3 - Journal articles

VL - 137

SP - 105

EP - 123

JO - Weltwirtschaftliches Archiv

JF - Weltwirtschaftliches Archiv

SN - 0043-2636

IS - 1

ER -

DOI