Unobserved Firm Heterogeneity and the Size-Exports Nexus: Evidence from German Panel Data
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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in: Review of World Economics, Jahrgang 139, Nr. 1, 2003, S. 161-172.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Unobserved Firm Heterogeneity and the Size-Exports Nexus
T2 - Evidence from German Panel Data
AU - Wagner, Joachim
PY - 2003
Y1 - 2003
N2 - This paper starts from the stylized fact that firm size and exporting tends to be positively related. Using large sets of establishment panel data for three different industries from official statistics, evidence is presented that the familiar picture of an export/sales ratio that increases (at a decreasing rate) with firm size vanishes if unobserved firm heterogeneity is controlled for in a fixed-effects fractional logit regression model. This finding is well in line with the fact that many small firms are "hidden export champions".
AB - This paper starts from the stylized fact that firm size and exporting tends to be positively related. Using large sets of establishment panel data for three different industries from official statistics, evidence is presented that the familiar picture of an export/sales ratio that increases (at a decreasing rate) with firm size vanishes if unobserved firm heterogeneity is controlled for in a fixed-effects fractional logit regression model. This finding is well in line with the fact that many small firms are "hidden export champions".
KW - Economics
KW - Unternehmensgröße
KW - Export
KW - Mittelständische Unternehmerin
U2 - 10.1007/BF02659612
DO - 10.1007/BF02659612
M3 - Journal articles
VL - 139
SP - 161
EP - 172
JO - Review of World Economics
JF - Review of World Economics
SN - 1610-2878
IS - 1
ER -