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Exporters During the Trade Collapse: The (Surprising) Resiliency of the Small Exporter

Author

Listed:
  • Rahul Giri
  • Enrique Seira
  • Kensuke Teshima

Abstract

How did small exporters fare relative to large exporters during the 2008-09 crisis? Examining the performance of Mexican exporters reveals that the crisis did not make smaller exporters more likely to exit, grow less, or expand less their product line relative to larger exporters. Workhorse models of trade would predict the opposite. The same models, however, are consistent with the data before the crisis: within industry, (i) firm exit rate is decreasing in size; (ii) conditional on survival, export growth is decreasing in size; (iii) product line expansion is increasing in size.

Suggested Citation

  • Rahul Giri & Enrique Seira & Kensuke Teshima, 2014. "Exporters During the Trade Collapse: The (Surprising) Resiliency of the Small Exporter," Working Papers 2014-06, Banco de México.
  • Handle: RePEc:bdm:wpaper:2014-06
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    File URL: http://www.banxico.org.mx/publicaciones-y-discursos/publicaciones/documentos-de-investigacion/banxico/%7B921121DE-0B3C-A718-222D-C3E15BFF1F91%7D.pdf
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    References listed on IDEAS

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    Cited by:

    1. Wagner, Joachim, 2015. "A survey of empirical studies using transaction level data on exports and imports," Working Paper Series in Economics and Institutions of Innovation 416, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    2. Joachim Wagner, 2016. "A survey of empirical studies using transaction level data on exports and imports," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), pages 215-225.
    3. Peter S. Eppinger & Nicole Meythaler & Marc-Manuel Sindlinger & Marcel Smolka, 2015. "The Great Trade Collapse and the Spanish Export Miracle: Firm-level Evidence from the Crisis," IAW Discussion Papers 120, Institut für Angewandte Wirtschaftsforschung (IAW).

    More about this item

    Keywords

    Peer effects; education; social networks; inequality;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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