FIRM SIZE AND EXTENSIVE MARGIN: HUNGARIAN EXPORTS1

FIRM SIZE AND EXTENSIVE MARGIN: HUNGARIAN EXPORTS1

In this paper we rely on firm-product-destination level data to analyze Hungarian trade expansion between 1992 and 2003. We decompose trade growth to the number of firms, the number of markets and products per firm, and analyze these dimensions by firm size. We also distinguish between new firms and...

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Veröffentlicht in:Economic and business review for Central and South-Eastern Europe 2011-03, Vol.13 (1/2), p.27
Hauptverfasser: Halpern, László, Muraközy, Balázs
Format: Artikel
Sprache:eng
Schlagworte:
Datasets
Decomposition
Exports
Growth rate
International trade
Manufacturing
Studies
US exports
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Zusammenfassung:In this paper we rely on firm-product-destination level data to analyze Hungarian trade expansion between 1992 and 2003. We decompose trade growth to the number of firms, the number of markets and products per firm, and analyze these dimensions by firm size. We also distinguish between new firms and continuing exporters. The results suggest that the majority of small exporters exit exporting after a few years, but the survivors grow very quickly in every dimension. Firm dynamics across size categories is intensive. Large exporters grow slowly, and macro shocks, destination market and product heterogeneity strongly affect their performance. [PUBLICATION ABSTRACT]
ISSN:1580-0466
2335-4216