Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises

Research output: Contributions to collected editions/worksChapterpeer-review

Standard

Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises. / Wagner, Joachim.
Microeconometrics of International Trade. ed. / Joachim Wagner. World Scientific Publishing Co., 2016. p. 311-338 (World Scientific Studies in International Economics; Vol. 52).

Research output: Contributions to collected editions/worksChapterpeer-review

Harvard

Wagner, J 2016, Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises. in J Wagner (ed.), Microeconometrics of International Trade. World Scientific Studies in International Economics, vol. 52, World Scientific Publishing Co., pp. 311-338. https://doi.org/10.1142/9789813109698_0009

APA

Wagner, J. (2016). Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises. In J. Wagner (Ed.), Microeconometrics of International Trade (pp. 311-338). (World Scientific Studies in International Economics; Vol. 52). World Scientific Publishing Co.. https://doi.org/10.1142/9789813109698_0009

Vancouver

Wagner J. Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises. In Wagner J, editor, Microeconometrics of International Trade. World Scientific Publishing Co. 2016. p. 311-338. (World Scientific Studies in International Economics). doi: 10.1142/9789813109698_0009

Bibtex

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title = "Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises",
abstract = "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 in 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 trade activities on profits. This demonstrates that any productivity advantages of trading firms are eaten up by extra costs related to selling and buying in foreign markets.",
keywords = "Exports, imports, profitability",
author = "Joachim Wagner",
note = "Publisher Copyright: {\textcopyright} 2016 by World Scientific Publishing Co. Pte. Ltd.",
year = "2016",
month = jul,
day = "1",
doi = "10.1142/9789813109698_0009",
language = "English",
isbn = "9789813109681",
series = "World Scientific Studies in International Economics",
publisher = "World Scientific Publishing Co.",
pages = "311--338",
editor = "Joachim Wagner",
booktitle = "Microeconometrics of International Trade",
address = "United States",

}

RIS

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T2 - First Evidence for Manufacturing Enterprises

AU - Wagner, Joachim

N1 - Publisher Copyright: © 2016 by World Scientific Publishing Co. Pte. Ltd.

PY - 2016/7/1

Y1 - 2016/7/1

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 in 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 trade activities on profits. This demonstrates that any productivity advantages of trading firms are eaten up by extra costs related to selling and buying in 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 in 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 trade activities on profits. This demonstrates that any productivity advantages of trading firms are eaten up by extra costs related to selling and buying in foreign markets.

KW - Exports

KW - imports

KW - profitability

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DO - 10.1142/9789813109698_0009

M3 - Chapter

AN - SCOPUS:85135657460

SN - 9789813109681

T3 - World Scientific Studies in International Economics

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EP - 338

BT - Microeconometrics of International Trade

A2 - Wagner, Joachim

PB - World Scientific Publishing Co.

ER -