Exports, investment and production growth: A dynamic heterogeneous firm model with learning and entry costs

Ruohan Wu and Mario Miranda ()

The Journal of International Trade & Economic Development, 2015, vol. 24, issue 8, 1037-1053

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.

Date: 2015
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DOI: 10.1080/09638199.2014.998856

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