TY - JOUR
T1 - The DNA of New Exporters: Spin-offs and FDI at the Extensive Margin of Trade
AU - Blum, Bernardo S.
AU - Claro, Sebastian
AU - Horstmann, Ignatius
AU - Tombe, Trevor
PY - 2020
Y1 - 2020
N2 - Other than that new exporters account for a large part of aggregate export growth, we know little else. We document that aggregate export growth in Chile is driven by only a few new exporters. These exporters are new business entities, operate new plants, and behave much like experienced exporters: they start large and have high survival rates. Moreover, 70 percent of these new firms are owned by existing businesses and are likely the by-product of either domestic spin-offs or foreign direct investment (24 percent). By focusing on the average new exporter, the existing models of new exporter dynamics miss these key features of export growth. (JEL F14, F23, L22, L60, M13, O14, O19)
AB - Other than that new exporters account for a large part of aggregate export growth, we know little else. We document that aggregate export growth in Chile is driven by only a few new exporters. These exporters are new business entities, operate new plants, and behave much like experienced exporters: they start large and have high survival rates. Moreover, 70 percent of these new firms are owned by existing businesses and are likely the by-product of either domestic spin-offs or foreign direct investment (24 percent). By focusing on the average new exporter, the existing models of new exporter dynamics miss these key features of export growth. (JEL F14, F23, L22, L60, M13, O14, O19)
UR - https://www.mendeley.com/catalogue/b4ac41b0-0532-3e71-8da3-46d871c7fe00/
U2 - 10.1257/aeri.20190379
DO - 10.1257/aeri.20190379
M3 - Article
SN - 2640-205X
VL - 2
SP - 397
EP - 408
JO - American Economic Review: Insights
JF - American Economic Review: Insights
IS - 3
ER -
