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Temporary trade and heterogeneous firms

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  • Békés, Gábor
  • Muraközy, Balázs

Abstract

Using Hungarian firm-transaction level export data, we show that about one third of firm–destination and about one half of firm–product–destination export spells are short-lived, or temporary, each year. This is in odds with theories where comparative advantage is stable and market entry costs are sunk. We show how endogenous choice between variable and sunk cost trade technologies can explain the empirical importance and some characteristics of temporary trade. We build a model in which the likelihood of temporary trade depends on productivity and capital cost of the firm as well as well-known gravity variables of destinations. These predictions are borne out by the data; the likelihood of permanent trade, defined by a simple filter, rises with firm productivity, financial stability, proximity and GDP of destination countries.

Suggested Citation

  • Békés, Gábor & Muraközy, Balázs, 2012. "Temporary trade and heterogeneous firms," Journal of International Economics, Elsevier, vol. 87(2), pages 232-246.
  • Handle: RePEc:eee:inecon:v:87:y:2012:i:2:p:232-246
    DOI: 10.1016/j.jinteco.2011.12.007
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    Cited by:

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    3. Kurz, Christopher & Senses, Mine Z., 2016. "Importing, exporting, and firm-level employment volatility," Journal of International Economics, Elsevier, vol. 98(C), pages 160-175.
    4. Ingo Geishecker & Philipp J. H. Schröder & Allan S⊘rensen, 2019. "One‐off export events," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(1), pages 93-131, February.
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    6. Mélise Jaud & Madina Kukenova & Martin Strieborny, 2009. "Financial dependence and intensive margin of trade," PSE Working Papers halshs-00575005, HAL.
    7. Csaba, László, 2013. "Kérdőjelek a közgazdaságtanban és oktatásában [Challenges in economic research and education]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 47-63.
    8. Hua Zhou & Jiachen Fan, 2023. "Export structure, import demand elasticity and export stability," The World Economy, Wiley Blackwell, vol. 46(3), pages 758-790, March.
    9. Paulo Barbosa & João Cortes & João Amador, 2024. "Distance to Export: A Machine Learning Approach with Portuguese Firms," GEE Papers 182, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Jul 2024.
    10. Stefano Costa & Federico Sallusti & Claudio Vicarelli & Davide Zurlo, 2022. "Tech on the ROC: export threshold and technology adoption interacted," Small Business Economics, Springer, vol. 59(4), pages 1593-1611, December.
    11. Tomohiko Inui & Keiko Ito & Daisuke Miyakawa, 2017. "Export Experience, Product Differentiation and Firm Survival in Export Markets," The Japanese Economic Review, Springer, vol. 68(2), pages 217-231, June.
    12. Straume, Hans-Martin, 2015. "Trade costs and Norwegian salmon export," Working Papers in Economics 06/15, University of Bergen, Department of Economics.
    13. Joakim Gullstrand & Maria Persson, 2015. "How to combine high sunk costs of exporting and low export survival," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 151(1), pages 23-51, February.
    14. Mion, Giordano & Opromolla, Luca David & Sforza, Alessandro, 2016. "The diffusion of knowledge via managers’ mobility," LSE Research Online Documents on Economics 69035, London School of Economics and Political Science, LSE Library.
    15. Hayakawa, Kazunobu & Ito, Tadashi & Okubo, Toshihiro, 2017. "On the stability of intra-industry trade," Journal of the Japanese and International Economies, Elsevier, vol. 45(C), pages 1-12.
    16. Roberto Ramos & Enrique Moral-Benito, 2013. "Agglomeration matters for trade," Working Papers 1316, Banco de España.
    17. Konstantīns Beņkovskis & Peter Jarrett & Ze’ev Krill & Oļegs Tkačevs & Naomitsu Yashiro, 2024. "Aim high, shoot low? Product complexity and export survival in Latvia," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(1), pages 185-207, February.
    18. Mion, Giordano & Opromolla, Luca David, 2014. "Managers' mobility, trade performance, and wages," Journal of International Economics, Elsevier, vol. 94(1), pages 85-101.
    19. Jeffrey J. Reimer & Xin Zhang, 2018. "An economic model of search and matching in international trade," Review of International Economics, Wiley Blackwell, vol. 26(4), pages 784-800, September.
    20. Sebastián Fanelli & Juan Carlos Hallak, 2020. "Export Survival with Uncertainty and Experimentation," Asociación Argentina de Economía Política: Working Papers 4356, Asociación Argentina de Economía Política.
    21. Kazunobu Hayakawa & Nuttawut LAKSANAPANYAKUL & Toshiyuki Matsuura & Taiyo Yoshimi, 2024. "Export Dynamics and Invoicing Currency," Keio-IES Discussion Paper Series 2024-005, Institute for Economics Studies, Keio University.
    22. Békés, Gábor & Halpern, László & Muraközy, Balázs, 2013. "Külkereskedelem és a vállalatok közötti különbségek [Heterogeneous firms and foreign trade]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-24.
    23. Wagner, Joachim, 2015. "Trade Dynamics and Trade Costs: First Evidence from the Exporter and Importer Dynamics Database for Germany," Working Paper Series in Economics and Institutions of Innovation 423, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    24. Ahmed Boutorat & Loe Franssen, 2023. "Economic missions and firm internationalization: evidence from the Netherlands," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 787-826, August.
    25. Straume, Hans-Martin & Asche, Frank, 2015. "Duration and temporary trade," Working Papers in Economics 04/15, University of Bergen, Department of Economics.

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    More about this item

    Keywords

    Export; Hungary; Trade instability; Fixed cost;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

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