The agglomeration of exporters by destination

Cassey, Andrew J.; Schmeiser, Katherine N.

doi:10.1007/s00168-012-0538-9

Cited by 24 publications

(12 citation statements)

References 25 publications

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“…These studies show that a firm's decision to start exporting to a particular market is influenced by the presence of other firms exporting to that market. This relationship has so far been established for Spain (Requena-Silvente and Gim enez, 2007;Castillo-Gimenez et al, 2011), France (Koenig, 2009;Koenig et al, 2010), Russia and the US (Cassey and Schmeiser, 2011), among others.…”

Section: Introductionmentioning

confidence: 86%

Export Spillovers: Opening the Black Box

Choquette

Meinen

2014

World Economy

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This paper studies the importance of export spillovers in a firm's decision to enter specific export markets and extends the current state of the literature by assessing different mechanisms through which they may occur, namely (i) labour movement, (ii) intra‐industry spillovers and (iii) inter‐industry linkages. We do so by exploiting a unique data set covering the universe of manufacturing firms in Denmark for the period 1995–2006 which combines transaction‐level export data, firm accounting data, employer–employee linked data and information from yearly input–output tables. We corroborate the literature on export spillovers by presenting robust evidence of destination‐specific export spillovers. The results suggest that labour mobility as well as intra‐ and inter‐industry linkages (backward linkages) are important channels for export spillovers, while presenting heterogeneous effects across firms of different size and export markets.

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Section: Introductionmentioning

confidence: 86%

Export Spillovers: Opening the Black Box

Choquette

Meinen

2014

World Economy

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“…For example, "learning by exporting," stemming from the work of Clerides et al (1998), examines whether high productivity firms export due to self selection or increased productivity through exporting. Learning through spillovers from other exporting firms (Koenig, 2009;Cassey and Schmeiser, 2010) addresses the issue of destination choice through agglomeration. Learning about product appeal and salability of firm goods in foreign markets is analyzed by Eaton et al (2008).…”

Section: Introductionmentioning

confidence: 99%

Learning to export: Export growth and the destination decision of firms

Schmeiser

2012

Journal of International Economics

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“…This result is rather counter-intuitive as a higher number of countries exporting a given product should increase the competition in the destination market. A possible explanation could be the positive network effect among exporters (Koenig, 2009;Cassey and Schmeiser, 2010;Cadot et al, 2013). The effect of the GDP per capita of the exporting country (GDP pc c,tz ) has no significant effect in this specification.…”

Section: The Role Of Banksmentioning

confidence: 80%

Finance, Comparative Advantage, and Resource Allocation

Jaud¹,

Kukenova

Strieborny

2012

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. We show that exported products exit the US market sooner if they violate the Heckscher-Ohlin notion of comparative advantage. Crucially, this pattern is stronger when exporting country has a well-developed banking system, measured by a high ratio of bank credit over the GDP. Banks thus push firms away from exports that are facing an uphill battle on a competitive foreign market due to a suboptimal use of the domestic factor endowment. Our results imply a disciplining role for bank credit in terminating inefficient trade flows. This constitutes a new channel through which finance improves resource allocation in the real economy. Terms of use: Documents in JEL AbstractWe show that exported products exit the US market sooner if they violate the Heckscher-Ohlin notion of comparative advantage. Crucially, this pattern is stronger when exporting country has a well-developed banking system, measured by a high ratio of bank credit over the GDP. Banks thus push …rms away from exports that are facing an uphill battle on a competitive foreign market due to a suboptimal use of the domestic factor endowment. Our results imply a disciplining role for bank credit in terminating ine¢ cient trade ‡ows. This constitutes a new channel through which …nance improves resource allocation in the real economy.

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The agglomeration of exporters by destination

Cited by 24 publications

References 25 publications

Export Spillovers: Opening the Black Box

Export Spillovers: Opening the Black Box

Learning to export: Export growth and the destination decision of firms

Finance, Comparative Advantage, and Resource Allocation

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