Greek trade during the global financial crisis: a firm-level analysis
Evangelos Pastelakos ()
No 1414, DEOS Working Papers from Athens University of Economics and Business
The aim of this study is to identify and quantify factors which influenced exporting firms' performance during the last global financial crisis. A structured questionnaire is utilized to interview a sample of Greek exporters. The survey generated a unique dataset describing the firms' characteristics and the degree to which various trade factors affected their exports. The econometric analysis which implements a multinomial logistic model incorporates various firmsÃƒÂ¢Ã¯Â¿Â½Ã¯Â¿Â½ profile and trade factor variables to estimate firms' changes in export volumes over the crisis. From this exercise we highlight the factors that discouraged exports and conclude that the crisis's impact was uneven across firms of different characteristics. Firms' age, size, destination markets and the impact of taxation, euro exchange rate and foreign demand are statistically significant predictors of firms' exporting performance during the crisis period.
Keywords: GREEK TRADE; FINANCIAL CRISIS; EXPORTING FIRMS (search for similar items in EconPapers)
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