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Who exports in Hungary? Export concentration by corporate size and foreign ownership, and the effect of foreign ownership on export orientation

Author

Listed:
  • Zsuzsa Munkácsi

    (Magyar Nemzeti Bank (central bank of Hungary), Office of Fiscal Council Republic of Hungary.)

Abstract

In the United States and most European countries, the majority of export is concentrated in a small number of firms. The Hungarian Tax and Financial Control Administration’s data (APEH-panel)2 indicate that Hungarian industrial export is highly concentrated by firm size; export concentration is even higher in terms of foreign ownership, and both concentrations have increased considerably in recent years. Export concentration in other sectors of the Hungarian economy (agriculture, construction industry and services) is generally lower than in industry. Taking firm size and other factors (industry, region, etc.) as given attributes, foreign ownership has a predominant role in export orientation: in comparison to fully Hungarian-owned firms, businesses partially or fully owned by foreigners are more export-oriented. However, the effects of foreign ownership on export orientation over time are highly uncertain.

Suggested Citation

  • Zsuzsa Munkácsi, 2009. "Who exports in Hungary? Export concentration by corporate size and foreign ownership, and the effect of foreign ownership on export orientation," MNB Bulletin (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), vol. 4(2), pages 22-33, July.
    • Handle: RePEc:mnb:bullet:v:4:y:2009:i:2:p:22-33
    as

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    File URL: http://www.mnb.hu/letoltes/munkacsi-angol-0908.pdf
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    References listed on IDEAS

    as
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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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