Testing the Core‐competency Model of Multi‐product Exporters

Autor: Carsten Eckel, J. Peter Neary, Beata Smarzynska Javorcik, Leonardo Iacovone
Rok vydání: 2016
Předmět:
Zdroj: Review of International Economics. 24:699-716
ISSN: 1467-9396
0965-7576
DOI: 10.1111/roie.12234
Popis: We review the implications of the "core competence" model of multi-product firms, including the “market-size paradox”: for most countries, the world market is much larger than the home market, while the costs of accessing foreign markets are relatively low; hence the model predicts that most domestic firms should export more of their core products than they sell domestically; yet, in practice, we do not observe this. Extending the model to allow for investment in export market penetration resolves the puzzle, and Mexican data confirm its predictions: in particular,only the largest firms exhibit the dominance of exports over home sales.
Databáze: OpenAIRE
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