Does export concentration matter in economic adjustment programs? Evidence from the euro-area

Esteves, Paulo Soares; Prades, Elvira

doi:10.1016/j.jpolmod.2017.10.005

Cited by 7 publications

(6 citation statements)

References 14 publications

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“…Indeed, although GDP declined, in annual average terms, by -1.1 per cent in 2013, it underwent a market intra-annual recovery that led GDP to stand, in the last quarter of the year, 1.7 percent above the level recorded in the last quarter of 2012 (Economic Bulletin, April 2014, Bank of Portugal The positive performance of exports during the recession period, also recorded in other euroarea countries, like Ireland and Spain, has been explained in the literature by a negative relationship between domestic demand and exports: in periods of economic stress, firms are more willing to pay the sunk costs for entering a new market abroad (survival driven exports). See, for instance, Belke et al (2015), Eichenbaun et al (2016) and Esteves and Prades (2018).…”

Section: The Portuguese Financial Crisismentioning

confidence: 99%

Every Cloud has a Silver Lining: Cleansing Effects of the Portuguese Financial Crisis

Dias

Marques

2019

Int. finance discuss. pap.

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Using firm-level data, this paper shows that the Portuguese financial crisis was a period of intensified productivity-enhancing reallocation. Aggregate productivity gains, both in manufacturing and services, came from relatively higher contributions of entering and exiting firms and from reallocation of resources between surviving firms. At the microlevel, the crisis reduced the probability of survival for high-and low-productivity firms, but it hit low-productivity firms disproportionately harder. We also found important heterogeneous effects across economic sectors regarding input reallocation that underline the importance of using data for the entire economy whenever similar studies are conducted.JEL classification: D24, E32, L25, O47

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Section: The Portuguese Financial Crisismentioning

confidence: 99%

Every Cloud has a Silver Lining: Cleansing Effects of the Portuguese Financial Crisis

Dias

Marques

2019

Int. finance discuss. pap.

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“…At the macro level,Esteves and Rua (2015) present strong evidence of a negative relationship between exports and domestic demand for Portugal whileBobeica et al (2016) extend the supporting evidence to a panel of eleven Euro area countries.2 In this respect,Esteves and Prades (2018) argue that the exporting behavior may differ across countries, depending negatively on product concentration and thus explaining the less successful adjustment of the Greek economy.…”

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confidence: 64%

Does Domestic Demand Matter for Firms’ Exports?

2021

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D Do oe es s d do om me es st ti ic c d de em ma an nd d m ma at tt te er r f fo or r f fi ir rm ms s' ' e ex xp po or rt ts s? ?" " P Pa au ul lo o S So oa ar re es s E Es st te ev ve es s M Mi ig gu ue el l P Po or rt te el la a A An nt tó ón ni io o R Ru ua a NIPE WP 18/ 2018 " "D Do oe es s d do om me es st ti ic c d de em ma an nd d m ma at tt te er r f fo or r f fi ir rm ms s' ' e ex xp po or rt ts s? ?" " P Pa au ul lo o S So oa ar re es s E Es st te ev ve es s M Mi ig gu ue el l P Po or rt te el la a A An nt tó ón ni io o R Ru ua a N NI IP PE E *

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“…Moreover, to maximize the benefits of strong export growth, they started to adopt a export diversification policy two decades ago. It has facilitated the risk diversification, which has reduced the possibility of adverse economic shocks in specific export sectors (Estevesa and Prades, 2018). In particular, this has stabilized the demand for the CEE manufactured exports in western EU countries.…”

Section: Export Composition Effects On the Cee Economic Growthmentioning

confidence: 99%

Have export compositions influenced economic growth of the European Union countries in Central and Eastern Europe?

Tang¹

2020

EurJ Appl Econ

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This study analyzes export composition effects on economic growth in the European Union (EU) countries of Central and Eastern Europe (CEE) during 1999-2016. The results confirm that the fuel and food exports have boosted growth after EU accession. As expected, agricultural exports have no effect on growth. Due to the different comparative advantages, the CEE countries have still relied on some raw material exports while developing manufactured exports. The results also indicate that the transportation equipment, textile, steel, and chemical exports have accelerated growth. This can be attributed to the economies of scale in production, given their greater access to EU markets.

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Does export concentration matter in economic adjustment programs? Evidence from the euro-area

Cited by 7 publications

References 14 publications

Every Cloud has a Silver Lining: Cleansing Effects of the Portuguese Financial Crisis

Every Cloud has a Silver Lining: Cleansing Effects of the Portuguese Financial Crisis

Does Domestic Demand Matter for Firms’ Exports?

Have export compositions influenced economic growth of the European Union countries in Central and Eastern Europe?

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