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Exports, investment and production growth: A dynamic heterogeneous firm model with learning and entry costs.
- Source :
- Journal of International Trade & Economic Development; Dec2015, Vol. 24 Issue 8, p1037-1053, 17p, 1 Diagram, 3 Charts, 7 Graphs
- Publication Year :
- 2015
-
Abstract
- We analyze a firm’s joint decision to export and invest using a model that incorporates the essential features of self-selection and learning-by-exporting theories of firm-level dynamics. We calibrate the model to 2002–2007 Chilean manufacturing plant data and simulate it under different assumptions, finding that neither self-selection nor learning-by-exporting alone can adequately explain the observed cross-sectional relationship between firm level exports and capital, favoring instead a model that allows both mechanisms to work in tandem. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09638199
- Volume :
- 24
- Issue :
- 8
- Database :
- Complementary Index
- Journal :
- Journal of International Trade & Economic Development
- Publication Type :
- Academic Journal
- Accession number :
- 109420841
- Full Text :
- https://doi.org/10.1080/09638199.2014.998856