| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26212 |
| 来源ID | Working Paper 26212 |
| Entry, Trade, and Exporting over the Cycle | |
| George A. Alessandria; Horag Choi | |
| 发表日期 | 2019-09-02 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We study how international trade and the exporting decisions of establishments affect establishment creation over the business cycle in a general equilibrium model. The model captures two key features of establishment and exporter dynamics: i) new establishments start small and grow over time and ii) exporters tend to be bigger and more productive than non-exporters and remain so for some time. When the cost of creating establishments fluctuates with aggregate productivity, we find the model can generate procyclical fluctuations in the stock of domestic establishments and importers similar to the data. Without international trade, entry is weakly countercyclical and too smooth. The model also generates fluctuations in the stock of importers, exporters, and domestic establishments of similar magnitude to those in the data. With an entry margin, we also find that output is hump-shaped following a productivity shock since investments in creating establishments and exporters generate an incentive to delay accumulating physical capital. This hump is stronger in an open economy model and strongly increases the value of creating new establishments in a boom. |
| 主题 | Macroeconomics ; Business Cycles ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w26212 |
| 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/583883 |
| 推荐引用方式 GB/T 7714 | George A. Alessandria,Horag Choi. Entry, Trade, and Exporting over the Cycle. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26212.pdf（601KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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