Exporter Dynamics and Partial-Year Effects

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Tác giả: Andrew B Bernard

Ngôn ngữ: eng

Ký hiệu phân loại: 338.14 Factors affecting production

Thông tin xuất bản: American Economic Association, 2017

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 299676

Two identical firms who start exporting in different months, one each in January and December, will report dramatically different exports for the first calendar year. This partial-year effect biases down first-year export levels and biases up first-year export growth rates. For Peruvian exporters, the partial-year bias is large: first-year export levels are understated by 54 percent and the first-year growth rate is overstated by 112 percentage points. Correcting the partial-year effect dramatically reduces first-year export growth rates, raises initial export levels, and almost doubles the contribution of net firm entry and exit to overall export growth.
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