Exports, imports and profitability: First evidence for manufacturing enterprises
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2011. (Working Paper Series in Economics; Nr. 206).
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
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TY - UNPB
T1 - Exports, imports and profitability: First evidence for manufacturing enterprises
AU - Wagner, Joachim
PY - 2011/6
Y1 - 2011/6
N2 - This paper documents for the first time the relationship between profitability and three types of international trade activities – exports, imports and two-way trade. It uses unique new representative data for manufacturing enterprises from Germany, one of the leading actors on the world market for goods, that merge information from surveys performed by the Statistical Offices and administrative data collected by the Tax Authorities. Descriptive statistics and regression analysis (with and without controlling for unobserved firm heterogeneity and the role of outliers) point to the absence of any statistically significant and economically large effects of tradeactivities on profits. This demonstrates that any productivity advantages of tradingfirms are eaten up by extra costs related to selling and buying on foreign markets.
AB - This paper documents for the first time the relationship between profitability and three types of international trade activities – exports, imports and two-way trade. It uses unique new representative data for manufacturing enterprises from Germany, one of the leading actors on the world market for goods, that merge information from surveys performed by the Statistical Offices and administrative data collected by the Tax Authorities. Descriptive statistics and regression analysis (with and without controlling for unobserved firm heterogeneity and the role of outliers) point to the absence of any statistically significant and economically large effects of tradeactivities on profits. This demonstrates that any productivity advantages of tradingfirms are eaten up by extra costs related to selling and buying on foreign markets.
KW - Economics
M3 - Working papers
T3 - Working Paper Series in Economics
BT - Exports, imports and profitability: First evidence for manufacturing enterprises
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -