The dynamics of firms’ export portfolio: A network analysis with an application to Mexico and Bulgaria
In this paper we use network-analysis tools to identify communities in the web of Bulgarian and Mexican exporters' destinations. We show that the network-based community measure is superior to extended gravity measures to predict the dynamics of firm's export-portfolio. This superiority stems from the fact that community is a revealed measure, is country-specific and can be calculated at the industry level. We show that a one unit increase in the number of destinations previously served by the exporter within a community rises between 49% and 66% the probability of selecting a new export destination in that community. The networkbased community variable improves the accuracy of the model between 8% and 17% relative to a model that only includes gravity and extended-gravity variables. We also show that industry-specific communities and general communities play similar roles in determining the dynamics of Bulgarian and Mexican exporters' portfolio.
|Date of creation:||Jul 2013|
|Contact details of provider:|| Postal: Edifici Departamental Oriental, Campus dels Tarongers, Avda. dels Tarongers, S/N (4P15), 46022 - València|
Phone: 963 82 83 49
Fax: 963 82 83 54
Web page: http://www.estructuraeconomica.es
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Albornoz-Crespo, Facundo & Calvo Pardo, Hector F. & Corcos, Gregory & Ornelas, Emanuel, 2010.
CEPR Discussion Papers
8103, C.E.P.R. Discussion Papers.
- Facundo Albornoz & Héctor Calvo-Pardo & Gregory Corcos & Emanuel Ornelas, 2010. "Sequential exporting," LSE Research Online Documents on Economics 28724, London School of Economics and Political Science, LSE Library.
- Facundo Albornoz & Hector F. Calvo Pardo & Gregory Corcos & Emanuel Ornelas, 2010. "Sequential Exporting," Discussion Papers 10-08, Department of Economics, University of Birmingham.
- Facundo Albornoz & Hector Calvo-Pardo & Gregory Corcos & Emanuel Ornelas, 2010. "Sequential Exporting," CEP Discussion Papers dp0974, Centre for Economic Performance, LSE.
- Hector Calvo & Gregory Corcos & Emanuel Ornelas & Facundo Albornoz, 2010. "Sequential Exporting," 2010 Meeting Papers 1065, Society for Economic Dynamics.
- Kali, Raja & Reyes, Javier & McGee, Joshua & Shirrell, Stuart, 2013. "Growth networks," Journal of Development Economics, Elsevier, vol. 101(C), pages 216-227.
- Thomas Chaney, 2011.
"The Network Structure of International Trade,"
NBER Working Papers
16753, National Bureau of Economic Research, Inc.
- Luca De Benedictis & Lucia Tajoli, 2009.
"The World Trade Network,"
51-2009, Macerata University, Department of Finance and Economic Sciences, revised Mar 2009.
- Daniel X. Nguyen, 2010.
"Demand Uncertainty: Exporting Delays and Exporting Failures,"
10-17, University of Copenhagen. Department of Economics.
- Nguyen, Daniel X., 2012. "Demand uncertainty: Exporting delays and exporting failures," Journal of International Economics, Elsevier, vol. 86(2), pages 336-344.
- Raja Kali & Javier Reyes, 2007. "The architecture of globalization: a network approach to international economic integration," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 38(4), pages 595-620, July.
- Ricardo Hausmann & César Hidalgo, 2011.
"The network structure of economic output,"
Journal of Economic Growth,
Springer, vol. 16(4), pages 309-342, December.
- C. A. Hidalgo & B. Klinger & A. -L. Barabasi & R. Hausmann, 2007. "The Product Space Conditions the Development of Nations," Papers 0708.2090, arXiv.org.
- Fabrice Defever & Benedikt Heid & Mario Larch, 2011.
CESifo Working Paper Series
3672, CESifo Group Munich.
- Lawrence Hubert & Phipps Arabie, 1985. "Comparing partitions," Journal of Classification, Springer;The Classification Society, vol. 2(1), pages 193-218, December.
- Cesar A. Hidalgo & Ricardo Hausmann, 2009. "The Building Blocks of Economic Complexity," Papers 0909.3890, arXiv.org.
- Juan de Lucio & Raúl Mínguez-Fuentes & Asier Minondo & Francisco Requena-Silvente, 2011. "The extensive and intensive margins of Spanish trade," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(5), pages 615-631, January.
- Morales, Eduardo & Sheu, Gloria & Zahler, Andrés, 2011. "Gravity and extended gravity: estimating a structural model of export entry," MPRA Paper 30311, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:eec:wpaper:1316. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Silviano Esteve)
If references are entirely missing, you can add them using this form.