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Assessing European Firms’ Exports and Productivity Distributions: The CompNet Trade Module

Author

Listed:
  • Antoine Berthou
  • Emmanuel Dhyne
  • Matteo Bugamelli
  • Ana-Maria Cazacu
  • Calin-Vlad Demian
  • Peter Harasztosi
  • Tibor Lalinsky
  • Jaanika Meriküll
  • Filippo Oropallo
  • Ana Cristina Soares

Abstract

This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel of 15 countries, 23 manufacturing sectors during the 2000’s. We confirm that exporters are more productive than non-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more productive than starters. At the intensive margin, we show that both the level and the growth of firm-level exports rise with firm productivity, and that the bulk of aggregate exports in each country are made by few highly productive firms. Finally, we show that during the crisis, the growth of exports by high productive firms sustained the current account adjustment of European “stressed†economies. This last result confirms that the shape of the productivity distribution within each country can have important consequences from the point of view of the dynamics of aggregate trade patterns.

Suggested Citation

  • Antoine Berthou & Emmanuel Dhyne & Matteo Bugamelli & Ana-Maria Cazacu & Calin-Vlad Demian & Peter Harasztosi & Tibor Lalinsky & Jaanika Meriküll & Filippo Oropallo & Ana Cristina Soares, 2015. "Assessing European Firms’ Exports and Productivity Distributions: The CompNet Trade Module," Working Papers w201513, Banco de Portugal, Economics and Research Department.
  • Handle: RePEc:ptu:wpaper:w201513
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    References listed on IDEAS

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    Cited by:

    1. Moisă ALTĂR & Ana-Maria CAZACU, 2016. "Testing Self-Selection And Learning By Exporting Hypotheses. The Case Of Romania," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(1), pages 5-22.
    2. Nestor Duch-Brown & Bertin Martens, 2015. "Barriers to Cross-border eCommerce in the EU Digital Single Market," JRC Working Papers on Digital Economy 2015-07, Joint Research Centre (Seville site).
    3. Antoine Berthou & Emannuel Dhyne, 2018. "Exchange rate movements,firm-level exports and heterogeneity," Working Paper Research 334, National Bank of Belgium.
    4. Amador, João & Nagengast, Arne J., 2016. "The effect of bank shocks on firm-level and aggregate investment," Working Paper Series 1914, European Central Bank.
    5. repec:kap:jproda:v:49:y:2018:i:2:d:10.1007_s11123-018-0530-1 is not listed on IDEAS
    6. Heather D Gibson & Georgia Pavlou, 2017. "Exporting and performance: evidence from Greek firms," Working Papers 228, Bank of Greece.
    7. Konstantins Benkovskis, 2015. "Misallocation of Resources in Latvia: Did Anything Change During the Crisis?," Working Papers 2015/05, Latvijas Banka.

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    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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