Can Belgian firms cope with the Chinese dragon and the Asian tigers ? The export performance of multi-product firms on foreign markets
Filip Abraham () and
Jan Van Hove ()
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Filip Abraham: K.U.Leuven, Centre for Economic Studies
No 204, Working Paper Research from National Bank of Belgium
Exporting firms are affected in many ways by competition on foreign markets. This paper focuses on the impact of Asian competition on the bilateral export performance of Belgian firms, controlling for firm level as well as destination-market characteristics. Export performance is measured in several ways, including the export intensity, the variety and quality of trade as well as the export intensity growth. Export performance appears to differ substantially across firms, across sectors and across destination markets. Our overall results indicate that both the export intensity and variety of Belgian firms’ exports are reduced by Asian competition. Especially the competitive pressure caused by mainland China and Hong Kong is strong. The competitive pressure is intense in labour-intensive sectors but also felt in a wide range of activities with a higher value added. Belgian exporters cope with foreign competition by following a variety-expansion or a quality-upgrading strategy.
Keywords: multi-product firms; international trade; variety; quality; export intensity; competition; Asia (search for similar items in EconPapers)
JEL-codes: F14 F15 L6 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-int, nep-sbm and nep-sea
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Persistent link: http://EconPapers.repec.org/RePEc:nbb:reswpp:201010-204
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