Exporters Dynamics and the Role of Imports in Argentina

• Tác giả: Matias Arnoletto
• Ngôn ngữ: eng
• Ký hiệu phân loại: 591.98 Specific topics in natural history of animals
• Thông tin xuất bản: World Bank, Washington, DC, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 315099
• Chủ đề: 1. ALLOCATIVE EFFICIENCY; 2. EXPORT PERFORMANCE; 3. EXPORTER DYNAMICS; 4. EXPORTER GROWTH; 5. FIRM-LEVEL DATA

Tóm tắt

This paper examines the performance of globally engaged firms in Argentina in the past decade. Using highly disaggregated firm-level customs transaction data for imports and exports, the paper documents the progressive retreat of Argentine firms from global markets. Between 2007 and 2017, the number of exporters decreased by 30 percent. Benchmarking the characteristics of these exporters with similar countries reveals that Argentine exporters are disproportionally fewer and individually larger, with export value extremely concentrated in a few firms. Firm churning rates are disproportionately low and survival rates of entrants are high. These findings reflect exceptionally high entry costs of export, which are the result of anti-export bias and import substitution policies that sought unsuccessfully to develop the local industry. The paper shows that exporters that import directly intermediate and capital goods have better export outcomes than other exporters.