Survival Is for the Fittest : Export Survival Patterns in Georgia

Martuscelli, Antonio; Varela, Gonzalo

Survival Is for the Fittest : Export Survival Patterns in Georgia

2015

Martuscelli, Antonio | Varela, Gonzalo

This paper analyzes the determinants of export flow survival in Georgia. The paper uses a unique Georgian firm-level data set, in which firms' characteristics and output dynamics are matched with their customs' export transactions, for the period 2006-12. A discrete survival model is used to explore the role of firm level characteristics, diversification strategies, and network effects on the survival rates of export flows. Low survival rates at the product level are found to limit the ability of Georgian firms to consolidate new products in international markets. The analysis finds that it is production efficiency, rather than size, that boosts export survival chances, that firms diversification strategies matter for the prospects of survival, and that there is strong evidence of network effects in export survival. The analysis also finds that ratified foreign trade agreements contribute to increase the survival of export flows by reducing policy-induced trading costs and increasing information about destination markets.

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Mots clés AGROVOC

agriculture balance sheets cash flow consumers debt developing countries development economics diversification economic development employment entrepreneurs equipment exports firms fixed costs foreign investment free trade growth rate international bank market research production functions productivity regression analysis sales trade policies

Informations bibliographiques

Editeur

World Bank Group, Washington, DC

D'autres materias

Consumer price; International transactions; Export performance; Banking system; Export market; Expansion; Real exchange rates; Economic research; Consumer price index; Intangible assets; Product differentiation; Intangible; Benchmark; Value of assets; Financial sector; Total factor productivity; Capital stock; Exporters; Portfolio; Moral hazard; Comparative advantages; Trading costs; Econometric analysis; Trading; Development policy; Foreign capital; Export growth; Multinationals; Competitiveness; Profit margins; Marginal productivity; Information asymmetries; Firm size; International markets; Dummy variable; Medium enterprises; Public funds; Production efficiency; Trade competitiveness; Comparative advantage; Potential investors; Job creation; Foreign markets; Market diversification; Developing country; Turnover; Production function; Market entry; Optimization; Marketplace; Producer price index; Global market; Market conditions; Global markets; Financial markets; Direct investment; Sunk costs; Producer price; Export markets; Exporter; Foreign market; Transaction; Small firms; Economic surveys; Real exchange rate; Externalities; Foreign partners; International economics; Book value; Bank policy; Domestic market; Supplier

Langue

anglais

Type

Text; Working Paper

Sur AGRIS depuis: 2016-03-15

Format: AGRIS AP

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Survival Is for the Fittest : Export Survival Patterns in Georgia

2015

Mots clés AGROVOC

Informations bibliographiques