Understanding Export Market Success: Evidence from Manufacturing Firms

Amaia Altuzarra, Ricardo Bustillo () and Carlos Rodriguez

Open Economies Review, 2016, vol. 27, issue 1, 181 pages

Abstract: In this paper, we analyse empirically the determinants of the decision to export, and the export share of manufacturing firms using a large balanced panel database of firms from Spain, spanning from 1990 to 2012. We are particularly interested in investigating these determinants by controlling for state dependence, unobserved heterogeneity and endogenous initial conditions of firms. Our findings reveal that firms show a high persistence in export behaviour, and that export volume changes are determined primarily by changes in the intensive margin. In addition, our research suggests that having exported before, having achieved a certain productivity level and being large and foreign-owned, greatly increased the probability of exporting. Moreover, these results hold even for the export share of firms, except for productivity and foreign capital, which seem to be less relevant. Copyright Springer Science+Business Media New York 2016

Keywords: Export determinants; Export intensity; Persistence; Sunk costs; Spain; Dynamic models; C22; F14; L1 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:kap:openec:v:27:y:2016:i:1:p:161-181

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DOI: 10.1007/s11079-015-9368-6

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