| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21351 |
| 来源ID | Working Paper 21351 |
| What do Exporters Know? | |
| Michael J. Dickstein; Eduardo Morales | |
| 发表日期 | 2015-07-13 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Much of the variation in international trade volume is driven by firms' extensive margin decision to participate in export markets. To understand this decision and predict the sensitivity of export flows to changes in trade costs, we estimate a standard model of firms' export participation. In choosing whether to export, firms weigh the fixed costs of exporting against the forecasted profits from serving a foreign market. We show that the estimated parameters and counterfactual predictions from the model depend heavily on how the researcher specifies firms' expectations over these profits. We therefore develop a novel moment inequality approach with weaker assumptions on firms' expectations. Our approach introduces a new set of moment inequalities --odds-based inequalities-- and applies the revealed preference inequalities introduced in Pakes (2010) to a new setting. We use data from Chilean exporters to show that, relative to methods that require specifying firms' information sets, our approach generates estimates of fixed export costs that are 65-85% smaller. Counterfactual reductions in fixed costs generate gains in export participation that are 30% smaller, on average, than those predicted by existing approaches. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w21351 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579023 |
| 推荐引用方式 GB/T 7714 | Michael J. Dickstein,Eduardo Morales. What do Exporters Know?. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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