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How do different exporters react to exchange rate changes? Theory, empirics and aggregate implications

  • Thierry Mayer

    (Sciences Po)

  • Philippe Martin

    (Sciences Po)

  • Nicolas Berman

    (Graduate Institute of International and Development Studies)

pervasive in sectors and destination countries with higher distribution costs. Consistent with our theoretical framework, we show that the probability of firms to enter the export market following a depreciation increases. The extensive margin response to exchange rate changes is modest at the aggregate level because firms that enter, following a depreciation, are smaller relative to existing firms.

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Paper provided by Society for Economic Dynamics in its series 2010 Meeting Papers with number 1338.

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Date of creation: 2010
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Handle: RePEc:red:sed010:1338
Contact details of provider: Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
Fax: 1-314-444-8731
Web page: http://www.EconomicDynamics.org/society.htm
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