The DNA of New Exporters: Spin-offs and FDI at the Extensive Margin of Trade

Bernardo S. Blum, Sebastian Claro, Ignatius Horstmann, Trevor Tombe

Resultado de la investigación: Contribución a una revistaArtículorevisión exhaustiva

Resumen

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)
Idioma originalInglés estadounidense
Páginas (desde-hasta)397-408
Número de páginas12
PublicaciónAmerican Economic Review: Insights
Volumen2
N.º3
DOI
EstadoPublicada - 2020

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