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dc.contributor.authorVogel, Alexanderen_US
dc.contributor.authorWagner, Joachimen_US
dc.date.accessioned2009-09-02en_US
dc.date.accessioned2010-04-26T12:05:22Z-
dc.date.available2010-04-26T12:05:22Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30246-
dc.description.abstractWe use the unique recently released German business services statistics panel to conduct the first comprehensive empirical study on the relationship between exports and profitability for the business services sector. We document a negative profitability differential of services exporters compared to non-exporters that is statistically significant, though rather small, when observed firm characteristics and unobserved firm specific effects are controlled for. We find that export-starters in services are less profitable than non-starters, even two years before they begin to export, pointing to self-selection of less profitable firms into export markets. We use a recently developed continuous treatment approach to investigate the causal impact of exports on profits. The estimated dose-response function shows an s-shaped relationship between profitability in 2005 and firms' export-sales ratio in 2004. Enterprises with a very small share of exports in total sales have a lower rate of profit than non-exporting firms. Then, with an increase in export intensity the rate of profit increases, too. However, even at the maximum the average profitability of the exporters is not, or only slightly, higher than the average rate of profit of the non-exporting firms. Given that Germany is one of the leading actors on the world market for services, the evidence provided here is interesting on its own. Furthermore, it can serve as a benchmark for future studies using comparable data for firms from services industries in other countries.en_US
dc.language.isoengen_US
dc.publisherUniv., Inst. für Volkswirtschaftslehre Lüneburgen_US
dc.relation.ispartofseriesUniversity of Lüneburg Working Paper Series in Economics 129en_US
dc.subject.jelF14en_US
dc.subject.jelD21en_US
dc.subject.jelL80en_US
dc.subject.ddc330en_US
dc.subject.keywordExportsen_US
dc.subject.keywordprofitabilityen_US
dc.subject.keywordbusiness services enterprisesen_US
dc.subject.keywordGermanyen_US
dc.titleExports and profitability: first evidence for German business services enterprisesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn60801771Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

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