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Is Export Diversification good for Profitability? First Evidence for Manufacturing Enterprises in Germany

Joachim Wagner ()

No 353, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: This paper uses a tailor-made newly available data set for enterprises from manufacturing industries in Germany to investigate for the first time the links between export diversification over destination countries and goods on the one hand and the profitability of the exporting firms on the other hand. We find that profits tend to be larger in firms with less diversified export sales over goods and in firms with more diversified export sales over destination countries.

Keywords: Exports; diversification; profitability; Germany (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eur, nep-ger and nep-int
Date: 2014-03-25
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Journal Article: Is export diversification good for profitability? First evidence for manufacturing enterprises in Germany (2014) Downloads
Working Paper: Is Export Diversification good for Profitability? First Evidence for Manufacturing Enterprises in Germany (2014) Downloads
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