Assessing European firms’ exports and productivity distributions: The CompNet trade module
Antoine Berthou (),
Emmanuel Dhyne (),
Filippo Oropallo () and
Ana Cristina Soares ()
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Ana-Maria Cazacu: Banca Nationala a României
Calin-Vlad Demian: European Central Bank
Jaanika Meriküll: Eesti Pank
No 282, Working Paper Research from National Bank of Belgium
This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel of 15 countries, 23 manufacturing sectors during the 2000’s. We confirm that exporters are more productive than nonexporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more productive than starters. At the intensive margin, we show that both the level and the growth of firm-level exports rise with firm productivity, and that the bulk of aggregate exports in each country are made by a small number of highly productive firms. Finally, we show that during the crisis, the growth of exports by high productive firms sustained the current account adjustment of European “stressed” economies. This last result confirms that the shape of the productivity distribution within each country can have important consequences from the point of view of the dynamics of aggregate trade patterns.
Keywords: Firm-level exports; productivity; firm heterogeneity (search for similar items in EconPapers)
JEL-codes: F10 F14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eff and nep-int
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Working Paper: Assessing European firms’ exports and productivity distributions: the CompNet trade module (2016)
Working Paper: Assessing European firms' exports and productivity distributions: the CompNet trade module (2015)
Working Paper: Assessing European Firms’ Exports and Productivity Distributions: The CompNet Trade Module (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:nbb:reswpp:201505-282
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