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Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
ESRI Working Paper No. 196
Verlag: 
The Economic and Social Research Institute (ESRI), Dublin
Zusammenfassung: 
Recent economic literature suggests the importance of sunk costs and hysteresis in explaining export patterns in international trade. To explore their empirical importance, we present a new conceptual framework that distinguishes six different types of exporter behaviour, and apply this framework to a unique longitudinal data set on Irish manufacturing. Our analysis allows us to identify significant numbers of manufacturers who engage in 'exporter re-switching behaviour'. The magnitude of these numbers leads us to question the widespread importance of sunk costs. In response to export-market shocks, we find strong evidence of both heterogeneous exporter responses and hysteresis.
Schlagwörter: 
heterogeneous exporters
sunk costs
re-switching behaviour
JEL: 
E32
F14
Dokumentart: 
Working Paper

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