The effect ef the Great Recession on exports. Evidence from Spain

  1. Juan de Lucio 1
  2. Raúl Mínguez 1
  3. Asier Minondo 2
  4. Francisco Requena 3
  1. 1 Universidad Nebrija
    info

    Universidad Nebrija

    Madrid, España

    ROR https://ror.org/03tzyrt94

  2. 2 Deusto Business School and ICEI
  3. 3 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

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Revista:
Cuadernos económicos de ICE

ISSN: 0210-2633,  2340-9037

Any de publicació: 2017

Títol de l'exemplar: Sector exterior y comercio internacional

Número: 94

Pàgines: 73-86

Tipus: Article

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Altres publicacions en: Cuadernos económicos de ICE

Resum

This paper analyzes whether the drop in domestic demand due to the Great Recession triggered an increase in the number of exporters and export revenues among existing exporters in Spain. Our analyses show that a fall in domestic demand raised the likelihood that a firm became an exporter and increased export revenues among existing exporters. The drop in domestic demand had stronger effects on firms whose export intensity was low than on firms whose export intensity was large. We also show that the drop in domestic demand had a larger effect on export revenues generated from new markets and products than from existing export operations. The increase in the number of new exporters motivated by the crisis may lead to a permanent increase in Spanish aggregate exports in medium-long term.

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