Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46502
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dc.contributor.authorRiaño, Alejandroen_US
dc.date.accessioned2011-05-18en_US
dc.date.accessioned2011-06-29T11:20:18Z-
dc.date.available2011-06-29T11:20:18Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46502-
dc.description.abstractThis paper presents a dynamic model of risk-averse producers' decision to invest in physical capital and to export. The model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration exercise. Counterfactual experiments show that large adjustments in total sales associated with entry into foreign markets increase the volatility of total sales for exporting firms.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper: Trade Policy |x3319en_US
dc.subject.jelF12en_US
dc.subject.jelE22en_US
dc.subject.ddc330en_US
dc.subject.keywordexportsen_US
dc.subject.keywordinvestmenten_US
dc.subject.keyworduncertaintyen_US
dc.subject.stwBetriebliche Investitionspolitiken_US
dc.subject.stwExporten_US
dc.subject.stwUmsatzen_US
dc.subject.stwTheorieen_US
dc.titleExports, investment and firm-level sales volatilityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn65907088Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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