Exporter Dynamics and Productivity Growth

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dc.contributor.author BERMAN, Nicolas
dc.contributor.author REBEYROL, Vincent
dc.date.accessioned 2010-10-22T12:44:54Z
dc.date.available 2010-10-22T12:44:54Z
dc.date.issued 2010
dc.identifier.issn 1830-7728
dc.identifier.uri http://hdl.handle.net/1814/14756
dc.description.abstract Using 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.mimetype application/pdf
dc.language.iso en en
dc.relation.ispartofseries EUI MWP en
dc.relation.ispartofseries 2010/26 en
dc.rights info:eu-repo/semantics/openAccess
dc.subject International Trade en
dc.subject Export Dynamics en
dc.subject Productivity Growth en
dc.subject Innovation en
dc.subject Financial Constraints en
dc.subject D21 en
dc.subject F10 en
dc.subject O30 en
dc.title Exporter Dynamics and Productivity Growth en
dc.type Working Paper en
dc.neeo.contributor BERMAN|Nicolas|aut|
dc.neeo.contributor REBEYROL|Vincent|aut|
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