Venting Out: Exports during a Domestic Slump
Miguel Almunia,
Pol Antràs,
David Lopez-Rodriguez and
Eduardo Morales
American Economic Review, 2021, vol. 111, issue 11, 3611-62
Abstract:
We study the relationship between domestic-demand shocks and exports using data for Spanish manufacturing firms in 2002–2013. Exploiting plausibly exogenous geographical variation caused by the Great Recession, we find that firms whose domestic sales declined by more experienced a larger increase in export flows, controlling for firms' supply determinants. This result illustrates the capacity of export markets to counteract the negative impact of local demand shocks. By structurally estimating a heterogeneous-firm model of exporting with nonconstant marginal costs of production, we conclude that these firm-level responses accounted for half of the spectacular increase in Spanish goods exports over the period 2009–2013.
JEL-codes: D22 E32 F14 L60 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (51)
Downloads: (external link)
https://www.aeaweb.org/doi/10.1257/aer.20181853 (application/pdf)
https://doi.org/10.3886/E136861V1 (text/html)
https://www.aeaweb.org/doi/10.1257/aer.20181853.appx (application/pdf)
https://www.aeaweb.org/doi/10.1257/aer.20181853.ds (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.
Related works:
Working Paper: Venting Out: Exports During a Domestic Slump (2021) 
Working Paper: Venting out: exports during a domestic slump (2018) 
Working Paper: Venting Out: Exports During a Domestic Slump (2018) 
Working Paper: Venting Out: Exports During a Domestic Slump (2018) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:111:y:2021:i:11:p:3611-62
Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions
DOI: 10.1257/aer.20181853
Access Statistics for this article
American Economic Review is currently edited by Esther Duflo
More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().