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The granularity of Spanish exports

Listed author(s):
  • Juan de Lucio

    (Universidad Nebrija. Calle de Santa Cruz de Marcenado, 27, 28015, Madrid (Spain).)

  • Raúl Mínguez

    (Universidad Nebrija. Calle de Santa Cruz de Marcenado, 27, 28015, Madrid (Spain).)

  • Asier Minondo

    (Deusto Business School, University of Deusto, Camino de Mundaiz 50, 20012 Donostia - San Sebastián (Spain). Research aliate of Instituto Complutense de Estudios Internacionales.)

  • Francisco Requena

    (Department of Economic Structure, University of Valencia, Avda. dels Tarongers s/n, 46022 Valencia (Spain).)

Using data for the universe of exporters, we show that few firms dominate exports in Spain. For example, in 2015 half of Spanish exports were accounted by the top 200 firms. This concentration has not changed substantially over the period 1997-2015. The dominance of few firms, a phenomenon denoted as granularity, is larger in exports than in sales or employment. Granularity also defines the specialization of Spanish exports. If top exporters disappeared, Spain would lose revealed comparative advantage in industries accounting for 26% of Spanish exports. Finally, granularity explains around one-third of the fluctuation of Spanish exports.

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File URL: ftp://147.156.210.157/RePEc/pdf/eec_1701.pdf
File Function: First version, 2017
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Paper provided by Department of Applied Economics II, Universidad de Valencia in its series Working Papers with number 1701.

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Date of creation: Jan 2017
Handle: RePEc:eec:wpaper:1701
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