Exports, investment and production growth: A dynamic heterogeneous firm model with learning and entry costs

被引:5
|
作者
Wu, Ruohan [1 ]
Miranda, Mario Javier [2 ]
机构
[1] Alabama State Univ, Dept Finance & Accounting, Montgomery, AL 36104 USA
[2] Ohio State Univ, Dept Agr Environm & Dev Econ, Columbus, OH 43210 USA
关键词
exports; investment; self-selection; learning-by-exporting; heterogeneity; C63; D24; F17; O32; RESEARCH-AND-DEVELOPMENT; TRADE LIBERALIZATION; PERFORMANCE; EVOLUTION; IMPACT; EXIT;
D O I
10.1080/09638199.2014.998856
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyze a firm's joint decision to export and invest using a model that incorporates the essential features of self-selection and learning-by-exporting theories of firm-level dynamics. We calibrate the model to 2002-2007 Chilean manufacturing plant data and simulate it under different assumptions, finding that neither self-selection nor learning-by-exporting alone can adequately explain the observed cross-sectional relationship between firm level exports and capital, favoring instead a model that allows both mechanisms to work in tandem.
引用
收藏
页码:1037 / 1053
页数:17
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