Author : Xue Bai
Release : 2015
Genre : Exports
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis How You Export Matters by : Xue Bai
Download or read book How You Export Matters written by Xue Bai. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that how firms export (directly or indirectly via intermediaries) matters. We develop and estimate a dynamic discrete choice model that allows learning-by-exporting on the cost and demand side as well as sunk/fixed costs to differ by export mode. We find that demand and productivity evolve more favorably under direct exporting, though the fixed/sunk costs of this option are higher. Our results suggest that had China not liberalized its direct trading rights when it joined the WTO, its exports and export participation would have been 30 and 37 percent lower respectively.