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Twin Peaks

Alejandro Riaño and Fabrice Defever ()
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Alejandro Riaño: University of Nottingham

No 454, 2017 Meeting Papers from Society for Economic Dynamics

Abstract: This paper highlights a new stylized fact by documenting a great degree of heterogeneity in the distribution of export intensity across countries. Contrary to received wisdom from studies focusing on a single country, we show that export intensity distributions tend to exhibit modes at both ends of the support, a phenomenon that we refer to as `twin peaks'. Using a standard trade model with rm-destination specificc demand shifters we show that i) this feature directly results from heavy-tailed sale distributions ii) this feature (statistically) vanish for countries with large or small domestic market compared to their export market. Using publicly available firm-level data, we show that the model's structural parameters are easily estimated and can account for approximately 89 percent of cross-country variation in the distribution of export intensity. Our finding have many applications, notably with regards to volatility of firm's sales.

New Economics Papers: this item is included in nep-int
Date: 2017
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https://economicdynamics.org/meetpapers/2017/paper_454.pdf (application/pdf)

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Working Paper: Twin Peaks (2017) Downloads
Working Paper: Twin Peaks (2017) Downloads
Working Paper: Twin Peaks (2017) Downloads
Working Paper: Twin peaks (2017) Downloads
Working Paper: Twin peaks (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed017:454

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