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Book
Survival is for the Fittest : Export Survival Patterns in Georgia
Authors: ---
Year: 2015 Publisher: Washington, D.C., The World Bank,

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Abstract

This paper analyzes the determinants of export flow survival in Georgia. The paper uses a unique Georgian firm-level data set, in which firms' characteristics and output dynamics are matched with their customs' export transactions, for the perio


Book
The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
Authors: --- --- ---
Year: 2016 Publisher: Washington, D.C. : The World Bank,

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This paper analyzes the export performance of Polish manufacturing firms. It focuses on the extensive and intensive margins of exports, on the decision to enter export markets and the intensity of exports, given participation, examining price and non-price determinants of export performance. The analysis relies on two different but complementary sources of data: a panel survey of Polish firms for 2005-13, and an exporter-level customs data set, for the same period, with detailed information on products and destinations. The findings reveal that firms face high sunk costs for entering export markets, and that once these costs have been paid, they depreciate rapidly over time. Strong positive local spillovers are also identified, which help reduce entry costs. Finally, the paper shows that the impact of real exchange rate fluctuations on firms' export performance is dependent of the degree of integration in international production networks.


Book
Does Input Tariff Reduction Impact Firms' Exports in the Presence of Import Tariff Exemption Regimes?
Authors: ---
Year: 2015 Publisher: Washington, D.C., The World Bank,

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In the last decade Morocco undertook substantial, if gradual, trade liberalization by reducing tariffs, reforming trade regulations and signing free and preferential trade agreements with several regions and countries, including the United States, Turkey, the European Union and Arab countries. This paper analyzes the impact of input tariff reduction on Moroccan exporting firms through the channel of intermediate goods. Gaining access to more varied and cheaper inputs can make exporting firms more competitive, and as a result they export more. To evaluate how this policy may impact firms' export performance, the paper analyzes the impact of input tariff reduction on different margins of trade with emphasis on export markets and product diversification. The identification of the effect of input tariffs on exports relies on a difference-in-difference estimator using heterogeneous access to import tariff exemption as a measure of different levels of exposure to input tariff reduction at the firm level. Overall, the analysis finds that firms that are relatively more exposed to input tariff perform better in those sectors with the largest input tariff reduction, with better access to markets, higher probability to survive when exporting new products in those sectors and higher export value growth.


Book
Montenegro : Selected Issues.
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ISBN: 1513560646 1513560735 Year: 2016 Publisher: Washington, D.C. : International Monetary Fund,

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This paper focuses on Montenegro’s export sector performance and challenges. Montenegro has run a persistent trade deficit since its independence. Montenegro’s goods exports have decreased, while goods imports have been more or less stable. A comparison reveals a relatively weak recovery of goods exports for Montenegro. Montenegro’s goods exports to the euro area have declined over time despite euroization. Foreign demand explains services exports well, but less so goods exports. Business climate surveys indicate high nonprice barriers in Montenegro’s export sector. The share of high-value-added export goods has been diminishing over time. Services exports also signal narrow productivity gains. Weak productivity growth may hinder the export sector.


Book
Product Relatedness and Firm Exports in China
Authors: ---
Year: 2013 Publisher: Washington, D.C., The World Bank,

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This paper proposes the first evaluation using micro-level data of the gains from the consistency of activities with a local comparative advantage. Using firm-level data from Chinese customs over the 2000-6 period, the study investigates the relationship between the export performance of firms and how their products relate to local comparative advantage. The key indicator measures the density of the links between a product and the local product space. Hence, it combines information on the intrinsic relatedness of a good with information on the local pattern of specialization. The results indicate that exports grow faster for goods that have denser links with those currently produced in the firm's locality. The density of links between products seems to yield export-enhancing spillovers. However, this positive effect of product relatedness on export performance is mainly limited to ordinary trade activities and domestic firms. It is also stronger for more productive firms, suggesting that spillover diffusion may be hindered by insufficient absorptive capacity.


Book
Non-Tariff Measures, Import Competition, and Exports
Authors: ---
Year: 2021 Publisher: Washington, D.C. : The World Bank,

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The empirical evidence on the impact of import competition on economic performance relies mainly on import tariff liberalization as the source of changes to competition. This paper extends this evidence by focusing on non-tariff measures, an increasingly important trade policy tool globally. The analysis examines the competition effect of four specific non-tariff measures on the exporting activity of the universe of Indonesian firms. The focus is on measures that do not clearly address any negative externalities of imports-the supposed objective of non-tariff measures-and hence appear to be protectionist in nature. The results suggest that by restricting import competition, these measures reduce the survival of firms in export markets as well as the intensive and extensive margins of their exports. Non-tariff measures have a more negative effect than import tariffs in most cases and these results are robust to various checks. The analysis provides suggestive evidence that markups are an important channel through which these effects are mediated.


Book
The Dynamics of Product Quality and International Competitiveness
Authors: --- ---
ISBN: 1462319513 1452747091 1283516187 1451911149 9786613828637 Year: 2007 Publisher: Washington, D.C. : International Monetary Fund,

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Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export growth, expanding significantly their shares of world markets. Does this mean that the real exchange rate is irrelevant? If not, what other factors compensated for the appreciation to explain the apparently strong competitiveness of these economies? And will these favorable factors continue to power export growth? This paper places in international context the achievements of the CEE-8 and helps more broadly to identify the determinants of international competitiveness. Building from data at the six-digit level of disaggregation, it shows that the CEE-8 made an impressive shift in product quality and in the technological intensity of exports, and that these shifts associated with the structural transformation were also associated with increased market share. The analysis strongly suggests that, when trading in international markets, countries benefit from higher product quality. However, while the structural transformation achieved was valuable in raising market shares, the easy gains from this process may be over.


Book
Is the Middle East and North Africa Region Achieving Its Trade Potential?
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ISBN: 1462372031 145271990X 1283516837 9786613829283 1451906455 Year: 2005 Publisher: Washington, D.C. : International Monetary Fund,

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This paper analyzes export performance in the Middle East and North Africa (MENA) using a gravity model applied to panel data. It addresses two questions: (i) are there significant unexploited export markets for the MENA region?; and (ii) have integration efforts with the EU since the mid-1990s yielded positive results? The results suggest that several MENA countries are substantially underexploiting the United States as an export market. Moreover, the impact of integration efforts with the European Union has been moderate overall but significant in individual cases.


Book
The Export Performance of Sub-Saharan Africa, 1970-19+L69390 : A Survey
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ISBN: 1462394418 1455288837 128160254X 1455201944 9786613783233 Year: 1992 Publisher: Washington, D.C. : International Monetary Fund,

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The export performance of Sub-Saharan Africa has lagged behind that of developing countries in other regions for the past two decades, and total export proceeds have fallen significantly since 1980. Many factors explain this outcome, including continued concentration in slowly-growing non-fuel primary commodities and domestic economic policies that have discouraged new investment that could promote diversification and increased production of traditional crops. Diversification into new agricultural products and light manufactures could boost export earnings, but only if the region can compete successfully with existing producers elsewhere. In most countries this will require major structural reforms to create a more attractive economic environment.


Book
Trends in Italy’s Nonprice Competitiveness
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ISBN: 1462320481 145272184X 9786612840784 1451869843 1282840789 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,

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Italy's medium-term economic performance has raised "standard" competitiveness concerns as unit labor costs surged, and real export growth fell. But the recent economic upturn, low current account deficit, and robust nominal exports argue for less pessimism. An empirical analysis confirms the standard concerns, but also suggests that "residual" factors, which partly reflect nonprice economic restructuring, have supported Italy's real exports after 2005 (as in Germany but less so in France or Spain). An investigation of selected structural trends over the past decade offers some substantiation to Italy's "restructuring story," including quality upgrading, geographical trade diversification, and outsourcing. But sluggish services, low FDI, and modest "technological" upgrading indicate limits to Italy's restructuring.

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