Arbeitspapier

The Life-Cycle Dynamics of Exporters and Multinational Firms

This paper studies the life-cycle dynamics of exporters and multinational enterprises (MNEs). We present a dynamic model of trade and MNE activity in which the mode of serving a market depends on the well-known proximity-concentration tradeoff. We show that the option of performing MNE activities in the model produces life-cycle patterns for exporters that differ from those in an export-only model. Calibrating our model to rich firm-level data from France and Norway, our main quantitative finding is that a reduction in trade costs triggers much larger responses in growth rates and exit rates, for young exporters, in the model with MNEs than in the model without MNEs. We also show that the model is largely consistent with a set of new facts on the joint life-cycle dynamic behavior of exporters and MNEs.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 6758

Klassifikation
Wirtschaft
Trade: General
International Factor Movements and International Business: General
Thema
international trade
exporters
multinational firm
Markov process
sunk cost
proximity-concentration tradeoff
trade liberalization

Ereignis
Geistige Schöpfung
(wer)
Gumpert, Anna
Moxnes, Andreas
Ramondo, Natalia
Tintelnot, Felix
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2017

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Gumpert, Anna
  • Moxnes, Andreas
  • Ramondo, Natalia
  • Tintelnot, Felix
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2017

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