Assessing European Firms’ Exports and Productivity Distributions: The CompNet Trade Module
Ana Cristina Soares,
Antoine Berthou (),
Emmanuel Dhyne (),
Jaanika Meriküll and
Filippo Oropallo ()
Working Papers from Banco de Portugal, Economics and Research Department
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 non-exporters. 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 few 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.
JEL-codes: F10 F14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eff, nep-eur 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:ptu:wpaper:w201513
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