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Occasional and perennial exporters

  • Blum, Bernardo S.
  • Claro, Sebastian
  • Horstmann, Ignatius J.

We document several new features of firms' export entry and exit behaviors: i) one-third of exporting firms enter into and exit from exporting multiple times; ii) most continuing exporters enter and exit specific export destinations multiple times; iii) firms re-entering exporting often sell the same product(s) to the same importer(s). We provide a model in which this behavior is an optimal response for firms facing increasing costs and stochastic demand. The model has a number of predictions that do not come out of models of trade in which firms have constant marginal cost. Our data strongly support these predictions.

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Article provided by Elsevier in its journal Journal of International Economics.

Volume (Year): 90 (2013)
Issue (Month): 1 ()
Pages: 65-74

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Handle: RePEc:eee:inecon:v:90:y:2013:i:1:p:65-74
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505552

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