新出口商的DNA:贸易大边际的附带利益和外国直接投资

IF 8.1 1区经济学 Q1 ECONOMICS

American Economic Review-Insights Pub Date : 2020-09-01 DOI:10.1257/aeri.20190379

Bernardo S. Blum, S. Claro, Ignatius J. Horstmann, Trevor Tombe

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引用次数: 3

摘要

除了新出口商占总出口增长的很大一部分之外，我们所知甚少。我们的文件表明，智利的总出口增长是由少数新的出口商推动的。这些出口商是新的商业实体，经营着新的工厂，他们的行为很像有经验的出口商:他们开始时规模大，存活率高。此外，这些新公司中有70%为现有企业所有，可能是国内分拆或外国直接投资(24%)的副产品。由于关注平均的新出口商，现有的新出口商动态模型错过了出口增长的这些关键特征。(jel f14, f23, l22, l60, m13, o14, o19)

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The DNA of New Exporters: Spin-offs and FDI at the Extensive Margin of Trade

Other than that new exporters account for a large part of aggregate export growth, we know little else. We document that aggregate export growth in Chile is driven by only a few new exporters. These exporters are new business entities, operate new plants, and behave much like experienced exporters: they start large and have high survival rates. Moreover, 70 percent of these new firms are owned by existing businesses and are likely the by-product of either domestic spin-offs or foreign direct investment (24 percent). By focusing on the average new exporter, the existing models of new exporter dynamics miss these key features of export growth. (JEL F14, F23, L22, L60, M13, O14, O19)

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American Economic Review-Insights ECONOMICS-

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期刊介绍： The journal American Economic Review: Insights (AER: Insights) is a publication that caters to a wide audience interested in economics. It shares the same standards of quality and significance as the American Economic Review (AER) but focuses specifically on papers that offer important insights communicated concisely. AER: Insights releases four issues annually, covering a diverse range of topics in economics.