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Exporter dynamics and partial-year effects

Author

Listed:
  • Bernard, Andrew B.
  • Massari, Renzo
  • Reyes, Jose-Daniel
  • Taglioni, Daria

Abstract

Two identical firms that start exporting in different months, one each in January and December, will report dramatically different exports for the first calendar year. This partial-year effect biases down first year export levels and biases up first year export growth rates. For Peruvian exporters, the partialyear bias is large: first-year export levels are understated by 65 percent and the first year growth rate is overstated by 112 percentage points. Correcting the partial-year effect eliminates high first year export growth rates, raises initial export levels and almost doubles the contribution of net firm entry and exit to overall export growth.

Suggested Citation

  • Bernard, Andrew B. & Massari, Renzo & Reyes, Jose-Daniel & Taglioni, Daria, 2016. "Exporter dynamics and partial-year effects," LSE Research Online Documents on Economics 67656, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:67656
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    Cited by:

    1. Crowley, M. A. & Exton, O. & Han, L., 2018. "Renegotiation of Trade Agreements and Firm Exporting Decisions: Evidence from the Impact of Brexit on UK Exports," Cambridge Working Papers in Economics 1839, Faculty of Economics, University of Cambridge.
    2. Hinz, Julian & Stammann, Amrei & Wanner, Joschka, 2019. "Persistent zeros: The extensive margin of trade," Kiel Working Papers 2139, Kiel Institute for the World Economy (IfW).
    3. Gumpert, Anna & Li, Haishi & Moxnes, Andreas & Ramondo, Natalia & Tintelnot, Felix, 2020. "The life-cycle dynamics of exporters and multinational firms," Journal of International Economics, Elsevier, vol. 126(C).
    4. Ingo Geishecker & Philipp J. H. Schröder & Allan S⊘rensen, 2019. "One‐off export events," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(1), pages 93-131, February.
    5. Piveteau, Paul & Smagghue, Gabriel, 2019. "Estimating firm product quality using trade data," Journal of International Economics, Elsevier, vol. 118(C), pages 217-232.
    6. Sebastian Heise, 2019. "Firm-to-Firm Relationships and the Pass-Through of Shocks: Theory and Evidence," Staff Reports 896, Federal Reserve Bank of New York.
    7. Aksel Erbahar, 2020. "Two worlds apart? Export demand shocks and domestic sales," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 156(2), pages 313-342, May.
    8. Jerónimo Carballo & Georg Schaur & Christian Volpe Martincus, 2016. "Posts as Trade Facilitators," IDB Publications (Working Papers) 94576, Inter-American Development Bank.
    9. Coad, Alex & Daunfeldt, Sven-Olov & Halvarsson, Daniel, 2020. "Amundsen versus Scott: Are growth paths related to firm performance?," Ratio Working Papers 344, The Ratio Institute.
    10. Carballo, Jerónimo & Schaur, Georg & Volpe Martincus, Christian, 2016. "Posts as Trade Facilitators," IDB Publications (Working Papers) 7681, Inter-American Development Bank.
    11. HOSONO Kaoru & TAKIZAWA Miho & YAMANOUCHI Kenta, 2020. "Firm Age, Productivity, and Intangible Capital," Discussion papers 20001, Research Institute of Economy, Trade and Industry (RIETI).

    More about this item

    Keywords

    export entry; export growth; margins of trade; heterogeneous firms;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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