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dc.contributor.authorBERMAN, Nicolas
dc.contributor.authorREBEYROL, Vincent
dc.date.accessioned2010-10-22T12:44:54Z
dc.date.available2010-10-22T12:44:54Z
dc.date.issued2010
dc.identifier.issn1830-7728
dc.identifier.urihttp://hdl.handle.net/1814/14756
dc.description.abstractUsing a large firm-level database containing information on export flows of French firms by destination, over the period 1995-2005, we study the impact of exporter dynamics on their future productivity growth. Our empirical strategy allows to control for reverse causality problems that arise when considering the export-productivity relationship. We first find that neither entry on the export market, nor the capacity of firms to remain exporters have a significant impact on their productivity growth. Second, we show that the dynamics of the exporting activity, i.e. post-entry export growth, has a positive impact on future productivity growth. Third, this positive impact of exporting is only observed in more dependent sectors upon external finance. We therefore provide suggestive evidence that a positive export dynamics affects productivity growth because it acts both as (i) an incentive to innovate, by increasing the expected return to innovation; (ii) a means to innovate, by relaxing liquidity constraints. Finally, by showing that only a few successful, dynamic exporters may enjoy important productivity gains through entry into the export market, our results explain why past empirical studies generally failed to find a significant effect of export participation on firms' productivity.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI MWPen
dc.relation.ispartofseries2010/26en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectInternational Tradeen
dc.subjectExport Dynamicsen
dc.subjectProductivity Growthen
dc.subjectInnovationen
dc.subjectFinancial Constraintsen
dc.subjectD21en
dc.subjectF10en
dc.subjectO30en
dc.titleExporter Dynamics and Productivity Growthen
dc.typeWorking Paperen
dc.neeo.contributorBERMAN|Nicolas|aut|
dc.neeo.contributorREBEYROL|Vincent|aut|
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