G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8684
DP8684 Export dynamics and sales at home
Nicolas Berman; Antoine Berthou; Jerome Hericourt
发表日期2011-12-01
出版年2011
语种英语
摘要How do firms' sales interact across markets? Are foreign and domestic sales complements or substitutes? Using a large French firm-level database that combines balance-sheet and product-destination-specific export information over the period 1995-2001, we study the interconnections between exports and domestic sales. We identify exogenous shocks that affect the firms' demand on foreign markets to instrument yearly variations in exports. We use alternatively as instruments product-destination specific imports or tariffs changes, and large foreign shocks such as financial crises or civil wars. Our results show that exogenous variations in foreign sales are positively associated with domestic sales, even after controlling for changes in domestic demand. A 10% exogenous increase in exports generates a 1.5 to 3% increase in domestic sales in the short-term. This result is robust to various estimation techniques, instruments, controls, and sub-samples. It is also supported by the natural experiment of the Asian crisis in the late 1990's. We discuss various channels that may explain this complementarity.
主题International Trade and Regional Economics
关键词Export dynamics Domestic sales Markets Liquidity
URLhttps://cepr.org/publications/dp8684
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/537521
推荐引用方式
GB/T 7714
Nicolas Berman,Antoine Berthou,Jerome Hericourt. DP8684 Export dynamics and sales at home. 2011.
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