The U-Shaped Productivity Dynamics of French Exporters |
| |
Authors: | Flora Bellone Patrick Musso Lionel Nesta Michel Quere |
| |
Institution: | (1) University of Nice-Sophia-Antipolis and CNRS-GREDEG, 250 rue Albert Einstein, 06560 Sophia Antipolis, France;(2) OFCE Sciences Politiques, CEREQ, Marseille, France |
| |
Abstract: | We use data on French manufacturing firms to reveal that the productivity dynamics of new exporters is typically U-shaped.
Prior to entry, firm productivity temporarily decreases, then recovers contemporaneously with entry, as the benefits from
sales to foreign markets accrue. We show that the U-shaped pattern is more pronounced for intensively exporting firms and
for firms operating in capital-intensive or high-technology sectors. This finding suggests that firms prepare to become exporters
through prior specific investments and learning-to-export mechanisms. We then point to the limitations of studies that focus
only on date of entry to exporting to discriminate between self-selection versus learning mechanisms.
JEL no. F10, F14, L60 |
| |
Keywords: | Trade firm productivity export strategy learning firm level data France |
本文献已被 SpringerLink 等数据库收录! |
|