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 -