The granularity of Spanish exports
Juan de Lucio (),
Asier Minondo () and
Francisco Requena Silvente ()
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Raúl Mínguez: Universidad Nebrija. Calle de Santa Cruz de Marcenado, 27, 28015, Madrid (Spain).
No 1701, Working Papers from Department of Applied Economics II, Universidad de Valencia
Using data for the universe of exporters, we show that few firms dominate exports in Spain. For example, in 2015 half of Spanish exports were accounted by the top 200 firms. This concentration has not changed substantially over the period 1997-2015. The dominance of few firms, a phenomenon denoted as granularity, is larger in exports than in sales or employment. Granularity also defines the specialization of Spanish exports. If top exporters disappeared, Spain would lose revealed comparative advantage in industries accounting for 26% of Spanish exports. Finally, granularity explains around one-third of the fluctuation of Spanish exports.
Keywords: exports; granularity; superstars; Spain; firm-level data (search for similar items in EconPapers)
JEL-codes: F1 F10 F23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-int and nep-sbm
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ftp://220.127.116.11/RePEc/pdf/eec_1701.pdf First version, 2017 (application/pdf)
Journal Article: The granularity of Spanish exports (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eec:wpaper:1701
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