Learning, externalities, and export dynamics: Evidence from Chilean exporters

IF 1.2 Q3 ECONOMICS

Research in Economics Pub Date : 2023-09-12 DOI:10.1016/j.rie.2023.09.002

Ben Hamilton

引用次数: 0

Abstract

This paper presents a model of exporting with demand uncertainty where incumbents reveal signals about a shared component of demand that potential entrants use to update beliefs. Using Chilean export data, signals are estimated and used to examine the effects of information on entry into new markets, quantity of output sold, and duration of exporting. A one-standard-deviation-increase in signals by incumbents is associated with 6.3% higher entry rates, 11.7% larger first-year export volumes, and 0.6% longer duration. Information spillovers are larger in distant countries, in countries where Spanish is not an official language, for homogeneous products, and for larger firms.

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学习、外部性和出口动态：来自智利出口商的证据

本文提出了一个具有需求不确定性的出口模型，在位者揭示了潜在进入者用来更新信念的关于需求的共享成分的信号。利用智利的出口数据，对信号进行了估计，并用于检查信息对进入新市场、销售产量和出口持续时间的影响。在职者信号的一个标准差增加与6.3%的进入率、11.7%的第一年出口量和0.6%的持续时间有关。在遥远的国家、西班牙语不是官方语言的国家、同质产品和大型公司，信息溢出更大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

89 days

期刊介绍： Established in 1947, Research in Economics is one of the oldest general-interest economics journals in the world and the main one among those based in Italy. The purpose of the journal is to select original theoretical and empirical articles that will have high impact on the debate in the social sciences; since 1947, it has published important research contributions on a wide range of topics. A summary of our editorial policy is this: the editors make a preliminary assessment of whether the results of a paper, if correct, are worth publishing. If so one of the associate editors reviews the paper: from the reviewer we expect to learn if the paper is understandable and coherent and - within reasonable bounds - the results are correct. We believe that long lags in publication and multiple demands for revision simply slow scientific progress. Our goal is to provide you a definitive answer within one month of submission. We give the editors one week to judge the overall contribution and if acceptable send your paper to an associate editor. We expect the associate editor to provide a more detailed evaluation within three weeks so that the editors can make a final decision before the month expires. In the (rare) case of a revision we allow four months and in the case of conditional acceptance we allow two months to submit the final version. In both cases we expect a cover letter explaining how you met the requirements. For conditional acceptance the editors will verify that the requirements were met. In the case of revision the original associate editor will do so. If the revision cannot be at least conditionally accepted it is rejected: there is no second revision.