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French Exporters and the Global Crisis

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  • Lionel Fontagné

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique, PSE - Paris School of Economics)

  • Guillaume Gaulier

    (Banque de France)

Abstract

Detailed firm-level data on French exporters suggests most of the trade collapse occurred in exporters' volumes rather than the number of exporters. Small exporters suffered similarly to their larger counterparts. There is clear evidence that the impact was greatest on firms in sectors that rely most heavily on external finance. Thus, the crisis may not have long-lasting effects on aggregate export capacity - the reservoir of small and promising firms has not been decimated- but firms may reorganise to reduce vulnerability to external financing.

Suggested Citation

  • Lionel Fontagné & Guillaume Gaulier, 2009. "French Exporters and the Global Crisis," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00639845, HAL.
  • Handle: RePEc:hal:cesptp:hal-00639845 Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00639845
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    Keywords

    Trade collapse; crisis; firms;

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