Export Decisions and International Business Cycles
Using firm level data, Bernard and Jensen (1995, 1999, 2001) find that exporters are bigger and more productive than non-exporters. These studies also find that the identity of exporting firms changes over time and that fixed entry and participation costs influence firm's decision to enter and exit export markets. This paper develops a model with firm level heterogeneity and export dynamics to study the propagation of international business cycles. We find that the export decision of firms lead to greater comovement in economic activity across countries and offers a potential resolution to both the consumption correlations and international comovements puzzles
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|Date of creation:||2004|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/
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