Los márgenes de exportación de las empresas multiproducto
- Juan de Lucio 1
- Raúl Mínguez 1
- Asier Minondo 2
- Francisco Requena 3
-
1
Universidad Nebrija
info
- 2 Deusto Business School
-
3
Universitat de València
info
ISSN: 0210-9107
Argitalpen urtea: 2018
Zenbakien izenburua: El sector exterior en la recuperación
Zenbakia: 158
Orrialdeak: 102-115
Mota: Artikulua
Beste argitalpen batzuk: Papeles de economía española
Laburpena
This paper examines the importance of the multiproduct firm in Spanish exports, with special attention on the connection betwe en trade margins, productivity and trade costs. A few firms dominat e trade; they are more productive, larger, pay higher wages and export more products than the rest of exporters. Firm productiv ity is positively associated with export size. The most productive exporters sell more products to more countries and have higher sales per product-country. The impact of productivity on firm exports exhi bits a similar magnitude on each trade margin. When we examine the impact of trade costs on Spanish exports across destinations, the impact of distance is slightly larger on the extensive margin, while the impact of exchange rate movements is slightly larger on the intensive margin.
Finantzaketari buruzko informazioa
Agradecemos la financiación recibida por parte del Ministerio de Economía, Industria y Competitividad (MINECO ECO2015-68057-R y ECO2016-79650-P, cofinanciados por el FEDER), de la Generalitat Valenciana (PROMETEOII/2014/053) y del Departamento de Educación, Cultura y Política Lingüística del Gobierno Vasco (IT885-16).Finantzatzaile
-
FEDER
- ECO2015-68057-R
- ECO2016-79650-P
-
Generalitat Valenciana
Spain
- PROMETEOII/2014/053
-
Ministerio de Economía, Industria y Competitividad
Spain
- ECO2016-79650-P
- ECO2015-68057-R
-
Departamento de Educación, Cultura y Política Lingüística del Gobierno Vasco
Spain
- IT885-16
Erreferentzia bibliografikoak
- ARKOLAKIS, C., y A. MUENDLER (2013), «Exporters and their products: A Collection of empirical regularities», CESifo Economic Studies, 59(2): 223-248.
- BALDWIN, R., y J. HARRIGAN (2011), «Zeros, quality, and space: trade theory and trade evidence», American Economic Journal: Microeconomics, 3(2): 60-88.
- BERMAN, N.; MARTIN, P., y T. MAYER (2012), «How do different exporters react to exchange rate changes?», Quartely Journal of Economics, 127(1): 437-492.
- BERNARD, A.; JENSEN, J.; REDDING, S., y P. SCHOTT (2007), «Firms in international trade», Journal of Economic Perspectives, 21(3):105-130.
- BERNARD, A.; JENSEN, J.; REDDING, S., y P. SCHOTT (2010), «Multiple-product firms and product switching», American Economic Review, 100: 70-97.
- BERNARD, A.; REDDING, S., y P. SCHOTT (2011), «Multi product firms and trade liberalization», Quarterly Journal of Economics, 126(3):1271-1318.
- CASELLI, M.; CHATTERJEE, A., y A. WOODLAND (2017), «Multi product exporters, variable markups and exchange rate fluctuations», Canadian Journal of Economics, 50(4): 1130-1160.
- CHATTERJEE, A.; DIX-CARNEIRO, R., y J. VICHYANOND (2013), «Multi product firms and exchange rate fluctuations», American Economic Journal: Economic Policy, 5(2): 77-110.
- DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A., y F. REQUENA (2011), «The extensive and intensive margins of Spanish trade», International Review of Applied Economics, 25(5): 615-631.
- DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A., y F. REQUENA (2017), «The Granularity of Spanish exports», SERIES Spanish Economic Review, 8(3): 225-259.
- DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A., y F. REQUENA (2018a), «The variation of export prices across and within firms», Review of World Economy, 154: 327-346.
- DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A., y F. REQUENA ( 2 0 1 8 b ) , « Why firms set different export prices? Evidence from Spain», Applied Economic Letters, doi:10.1080/13504851.2018.1458189.
- DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A., y F. REQUENA (2018c), «How top exporters compete? Evidence from Spain», Economic Business Letters, próxima publicación.
- EATON, J.; KORTUM, S., y F. KRAMARZ (2004), «Dissecting trade: firms, industries, and export destinations», American Economic Review: Papers and Proceedings, 94: 150-154.
- ECKEL, C., y P. NEARY (2010), «Multi-product firms and flexible manufacturing in the global economy», Review of Economic Studies, 77(1): 188-217.
- FMI (2010), International Financial Database, Washington DC: International Monetary Fund.
- GOLDBERG, P., y K. KNETTER (1997), «Goods prices and exchange rates: What have we learned?», Journal of Economic Literature, 35(3):1243-1272.
- GÖRG, H.; HALPERN, L., y B. MURAKÖZY (2017), «Why do within firm product export prices differ across markets? Evidence from Hungary», The World Economy, 40(6): 1233-1246.
- LEVINSOHN, J., y A. PETRIN (2003), «Estimating production functions using inputs to control for unobservables», The Review of Economic Studies, 70(2): 317-41.
- LI, H.; MA, H., e Y. XU (2015), «How do exchange rate movements affect Chinese exports? – A firm level investigation», Journal of International Economics, 97(1): 148-161.
- MANOVA, K., y Z. YU (2017), «Multi-product firms and product quality», Journal of International Economics, 109:116-137.
- MAYER, T.; MELITZ, M. y G. OTTAVIANO (2014), «Market size, competition, and the product mix of exporters», American Economic Review, 104(2): 495-536.
- MAYER, T., y S. ZIGNAGO (2011), «Notes on CEPII’s distances measures: the GeoDist Database», CEPII Working Paper, 2011-25.
- TANG, H., e Y. ZHANG (2012), «Exchange eates and the margins of trade: evidence from Chinese exporters», CESifo Economic Studies, 58(4):671-702.
- VAN BEVEREN, I.; BERNARD, A., y H. VANDENBUSSCHE (2012), «Concording eu trade and production data over time», NBER Working Paper 18604, National Bureau of Economic Research.