Exploring the Margins of Dutch Exports: A Firm-Level Analysis |
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Authors: | Harold Creusen Henk Kox Arjan Lejour Roger Smeets |
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Institution: | (1) Central Bank and Financial Services Authority of Ireland, P.O. Box 559, Dame Street, Dublin 2, Ireland |
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Abstract: | This paper utilizes new Dutch transaction-level data on international trade to investigate the microeconomic patterns of Dutch
exports. First, we show that self-selection based on ex-ante productivity drives firms’ export decisions, which we subsequently
relate to various sources of fixed market-entry costs: governance and regulatory quality, the extent of corruption, and cultural
proximity. Second, we provide evidence that firms learn to export by trial and error, so as to obtain experience in exporting
and to gather knowledge about the potential of foreign markets. Such experimentation appears to be reflected in the volatility
of a firm’s export product portfolio. More volatility is associated with a higher survival rate in the export market. Finally,
we draw conclusions on the potential implications for trade policy. |
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