Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/248302 
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 1/2020
Publisher: 
National Bank of the Republic of North Macedonia, Skopje
Abstract: 
Export is an important contributor to growth with numerous direct and indirect macroeconomic benefits. Moreover, firms engaged in exporting activity tend to have superior characteristics compared to their non-exporting peers. The paper is focused on identifying reasons behind this superiority of exporters by testing two hypothesis - self-selection and learning by doing hypothesis. The analysis is done on a sample of over 1,900 manufacturing firms annually, for the period 2013-2017. In line with previous empirical research, we found evidence in favor of the self-selection hypothesis. This means that more successful and more productive firms become exporters as a result of their performance i.e. they self-select themselves in the international market. In addition, our results suggest that, complementary to the self-selection process, there are some evidence of the validity of learning by doing hypothesis.
Subjects: 
self selection
learning by doing
export
matching
JEL: 
D24
D22
F14
Document Type: 
Working Paper

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