Gumpert, Anna
[Verfasser:in]
;
Moxnes, Andreas
[Sonstige Person, Familie und Körperschaft];
Ramondo, Natalia
[Sonstige Person, Familie und Körperschaft];
Tintelnot, Felix
[Sonstige Person, Familie und Körperschaft]
The Life-Cycle Dynamics of Exporters and Multinational Firms
Erschienen in:CESifo Working Paper Series ; No. 6758
Umfang:
1 Online-Ressource (73 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3106716
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 05, 2017 erstellt
Beschreibung:
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