Big hits : growing by leaps and bounds - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement Accéder directement au contenu
Communication Dans Un Congrès Année : 2015

Big hits : growing by leaps and bounds

Résumé

This paper identifies sudden export surges at the origin-destination-product level, combining international trade statistics with firm-level customs data for eight developing and emerging countries. These “big hits” are rare events (fewer than one percent of all export spells), yet account for over half of aggregate export growth in all countries in the sample except one. Big hits have a ratchet effect on export value: post take-off growth reverts roughly to its baseline rate, while export values remain permanently higher. They seem to be neither purely demand-driven nor purely supply-driven; however, a big hit in one product-destination cell makes it eight times likelier that the same product will be a big hit in any other destination. Big hits typically generate strong bandwagon effects across firms, but the crowding-in does not systematically lead to price collapses, as big hits seem to associate with less negative pecuniary externalities between exporters. A firm involved in a big hit is 25 times more likely to be associated with a big hit of the same product in a different destination, and 22 times more likely to be with a different product. Together, our results suggest that a “big-hit watch” enabling export-promotion agencies to spot them rapidly and disseminate information among potential participating exporters could have positive returns.
Fichier non déposé

Dates et versions

hal-02794406 , version 1 (05-06-2020)

Identifiants

  • HAL Id : hal-02794406 , version 1
  • PRODINRA : 370289

Citer

Akiko Suwa-Eisenmann, Olivier Cadot, Anne-Célia Disdier, Mélise Jaud. Big hits : growing by leaps and bounds. EUDN, Dec 2015, Oslo, Norway. 32 p. ⟨hal-02794406⟩
58 Consultations
0 Téléchargements

Partager

Gmail Facebook X LinkedIn More