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dc.contributor.authorGumpert, Annaen_US
dc.contributor.authorLi, Haishien_US
dc.contributor.authorMoxnes, Andreasen_US
dc.contributor.authorRamondo, Nataliaen_US
dc.contributor.authorTintelnot, Felixen_US
dc.date.accessioned2021-03-09T19:36:24Z
dc.date.available2021-03-09T19:36:24Z
dc.date.issued2020-09
dc.identifier.citationAnna Gumpert, Haishi Li, Andreas Moxnes, Natalia Ramondo, Felix Tintelnot. 2020. "The life-cycle dynamics of exporters and multinational firms." Journal of International Economics, Volume 126, pp. 103343 - 103343. https://doi.org/10.1016/j.jinteco.2020.103343
dc.identifier.issn0022-1996
dc.identifier.urihttps://hdl.handle.net/2144/42231
dc.description.abstractThis paper studies the life-cycle dynamics of exporters and multinational enterprises (MNEs). Using rich firm-level data, we document a comprehensive set of facts on entry, exit, and growth of new exporters and new MNEs. Guided by these facts, we build a model based on the standard proximity-concentration trade-off extended to incorporate time-varying firm productivity and sunk costs of MNE entry. The calibrated version of the model goes far in matching cross-sectional and dynamic moments of the data on exporters and MNEs. Our results point to much higher sunk costs for MNE than for export activities. Finally, we show how including the choice to become an MNE affects the predicted export dynamics after a trade liberalization episode.en_US
dc.description.urihttps://doi.org/10.1016/j.jinteco.2020.103343
dc.format.extentp. 103343en_US
dc.languageen
dc.language.isoen_US
dc.publisherElsevier BVen_US
dc.relation.ispartofJournal of International Economics
dc.subjectEconomicsen_US
dc.subjectInternational tradeen_US
dc.subjectExportersen_US
dc.subjectMultinational firmen_US
dc.subjectMarkov processen_US
dc.subjectSunk costen_US
dc.subjectProximity-concentration trade-offen_US
dc.subjectTrade liberalizationen_US
dc.titleThe life-cycle dynamics of exporters and multinational firmsen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.jinteco.2020.103343
pubs.elements-sourcecrossrefen_US
pubs.notesEmbargo: Not knownen_US
pubs.organisational-groupBoston Universityen_US
pubs.organisational-groupBoston University, College of Arts & Sciencesen_US
pubs.organisational-groupBoston University, College of Arts & Sciences, Department of Economicsen_US
pubs.publication-statusPublisheden_US
dc.description.oaversionPublished version
dc.identifier.mycv587898


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