The effect ef the Great Recession on exports. Evidence from Spain

  1. Juan de Lucio 1
  2. Raúl Mínguez 1
  3. Asier Minondo 2
  4. Francisco Requena 3
  1. 1 Universidad Nebrija
    info

    Universidad Nebrija

    Madrid, España

    ROR https://ror.org/03tzyrt94

  2. 2 Deusto Business School and ICEI
  3. 3 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

Zugehörigkeit anzeigen +
Zeitschrift:
Cuadernos económicos de ICE

ISSN: 0210-2633

Datum der Publikation: 2017

Titel der Ausgabe: Sector exterior y comercio internacional

Nummer: 94

Seiten: 73-86

Art: Artikel

DIALNET GOOGLE SCHOLAR lock_openOpen Access editor

Andere Publikationen in: Cuadernos económicos de ICE

Zusammenfassung

This paper analyzes whether the drop in domestic demand due to the Great Recession triggered an increase in the number of exporters and export revenues among existing exporters in Spain. Our analyses show that a fall in domestic demand raised the likelihood that a firm became an exporter and increased export revenues among existing exporters. The drop in domestic demand had stronger effects on firms whose export intensity was low than on firms whose export intensity was large. We also show that the drop in domestic demand had a larger effect on export revenues generated from new markets and products than from existing export operations. The increase in the number of new exporters motivated by the crisis may lead to a permanent increase in Spanish aggregate exports in medium-long term.

Bibliographische Referenzen

  • AHN, J. and MCQUOID, A. F. (2017). «Capacity constrained exporters: Identifying increasing marginal costs». Economic Inquiry, 55, 1175-1191.
  • ALMUNIA, M.; ANTRÀS, P.; LÓPEZ-RODRÍGUEZ, D. and MORALES, E. (2018). «Venting out: Exports during a domestic slump». Available at: https://scholar.harvard.edu/files/antras/files/venting_aalm_latest_draft.pdf.
  • ALONSO, J. A. (1997). «Funciones de comercio: una nueva estimación». Información Comercial Española. Revista de Economía, 765, 55-72.
  • ARKOLAKIS, C. (2010). «Market Penetration Costs and the New Consumers Margin in International Trade». Journal of Political Economy, 118, 1151-1199.
  • BAJO, O. and MONTERO, M. (1995). «Un modelo econométrico ampliado para el comercio exterior español». Moneda y Crédito, 201, 153-182.
  • BANCO DE ESPAÑA (2017). Informe Anual 2016. Banco de España, Madrid.
  • BELKE, A.; OEKING, A. and SETZER, R. (2015). «Domestic demand, capacity constraints and exporting dynamics: Empirical evidence for vulnerable Euro area countries». Economic Modelling, 314-325.
  • BERMAN N.; BERTHOU, A. and HÉRICOURT, J. (2015). «Export dynamics and sales at home». Journal of International Economics, 96, 298-310.
  • BLUM, B. S.; CLARO, S. and HORSTMANN, I. J. (2013). «Occasional and perennial exporters». Journal of International Economics, 90, 65-74.
  • BUISÁN, A. and GORDO, E. (1994). «Funciones de importación y exportación de la economía española». Investigaciones Económicas, 18, 165-192.
  • DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A. and REQUENA, F. (2011). «The intensive and extensive margins of Spanish trade». International Review of Applied Economics, 25, 615-631.
  • DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A. and REQUENA, F. (2018a). «Crisis, experimentation and the emergence of new regular exporters and export relations». Available at: http://paginaspersonales.deusto.es/aminondo/Research.htm.
  • DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A. and REQUENA, F. (2018b). «¿Se ha producido un milagro exportador en España?». Available at: http://paginaspersonales.deusto.es/aminondo/Research.htm.
  • DE LUCIO, J.; MÍNGUEZ, R.; MINONDO, A. and REQUENA, F. (2018c). «The variation of export prices across and within firms». Review of World Economics, 154, 327-346.
  • DOMENECH, R. and TAGUAS, D. (1997). «Exportaciones e importaciones de bienes y servicios en la economía española». Moneda y Crédito, 285, 13-44.
  • FERNÁNDEZ, I. and SEBASTIÁN, M. (1989). «El sector exterior y la incorporación de España a la CEE: análisis a partir de funciones de exportaciones e importaciones». Moneda y Crédito, 189, 31-73.
  • LEVINSOHN J. and PETRIN, A. (2003). «Estimating Production Functions Using Inputs to Control for Unobservables». Review of Economic Studies, 70, 317-341.
  • MAÑEZ, J. A.; ROCHINA, M. E. and SANCHIS, J. A. (2004). «The decision to export: a panel data analysis for Spanish manufacuring». Applied Economic Letters, 11, 669-673.
  • MAULEÓN, I. and SASTRE, L. (1994). «El saldo comercial en 1993: un análisis econométrico». Información Comercial Española, 735, 167-172.
  • MELITZ, M. J. (2003). «The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity». Econometrica, 71, 1695-1725.
  • ROBERTS, M. J. and TYBOUT, J. R. (1997). «The Decision to Export in Colombia: An Empirical Model of Entry with Sunk Costs». American Economic Review, 87, 545-64.
  • SODERBERY, A. (2014). «Market size, structure, and access: Trade with capacity». European Economic Review, 70, 276-298.
  • VAN BEVEREN, I.; BERNARD, A. B. and VANDENBUSSCHE, H. (2012). «Concording EU trade and production data over time». NBER Working Paper No. 18604, National Bureau of Economic Research.
  • VANNOORENBERGHE, G. (2012). «Firm-level volatility and exports». Journal of International Economics, 86, 57-67.
Fuente de los datos: Dialnet