Exporters’ product vectors across markets

Autor: Angelo Secchi, Chiara Tomasi, Lionel Fontagné
Přispěvatelé: Paris School of Economics (PSE), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Paris Jourdan Sciences Economiques (PJSE), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Università degli Studi di Trento (UNITN), Université Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS Paris)-Institut National de la Recherche Agronomique (INRA)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS), Università di Trento, Dipartimento di Economia e Management, Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS-PSL), Centre d'économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS), Centre d'Etudes Prospectives et d'Informations Internationales (CEPII), Centre d'analyse stratégique, Lille économie management - UMR 9221 (LEM), Université d'Artois (UA)-Université catholique de Lille (UCL)-Université de Lille-Centre National de la Recherche Scientifique (CNRS)
Jazyk: angličtina
Rok vydání: 2018
Předmět:
Multi-product multi-country firms
Economics and Econometrics
Stability (learning theory)
JEL: L - Industrial Organization/L.L2 - Firm Objectives
Organization
and Behavior/L.L2.L22 - Firm Organization and Market Structure
Destinations
Margin (machine learning)
Component (UML)
0502 economics and business
Economics
Product (category theory)
050207 economics
Fickleness
Industrial organization
050205 econometrics
Hierarchy
JEL: F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade
05 social sciences
Product vectors
sparsity
multi-product multi-country firms
fickleness
stability
product vectors
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
Sparsity
Stability
Finance
JEL: L - Industrial Organization/L.L1 - Market Structure
Firm Strategy
and Market Performance/L.L1.L11 - Production
Pricing
and Market Structure • Size Distribution of Firms
Complementarity (molecular biology)
Diversity (business)
Zdroj: European Economic Review
European Economic Review, Elsevier, 2018, 110, pp.150-180. ⟨10.1016/j.euroecorev.2018.08.002⟩
European Economic Review, 2018, 110, pp.150-180. ⟨10.1016/j.euroecorev.2018.08.002⟩
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2018.08.002⟩
Popis: International audience; The paper provides an original empirical approach to investigate multi-product firms’ export patterns across destinations by considering the whole mix of products exported by a firm, formally defined as a product-vector. The proposed methodology allows to take into account a firm’s choice of both exporting and non-exporting a product to a destination and to consider different forms of product complementarity that can generate product combinations. The empirical analysis uses a panel of transactions level data for the universe of Italian and French firms and complements the existing evidence along a few dimensions. First, we show that there is a high level of sparsity: selection of products at destination is indeed very severe. Second, we document that firms export several different combinations of product vectors across markets. Relatedly a high level of diversity is detected also when considering the intensive margin, pointing to a substantial departure from a stable global product hierarchy. Finally, we provide evidence that at the same time there exists a stable component in firms’ product vectors across destinations composed by products which are not necessarily the most important in terms of sales, suggesting rich form of complementarities across goods. Products belonging to this stable component are less likely to be discarded as a consequence of an exogenous shock such as the dismantling of the MFA quotas after accession of China to the WTO.
Databáze: OpenAIRE
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