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Exporting Spanish firms. Stylized facts and trends

Author

Listed:
  • Eduardo Gutiérrez Chacón

    (Banco de España)

  • César Martín Machuca

    (Banco de España)

Abstract

During the last years, Spanish goods exports have increased significantly against a background of widening of the Spanish firms exporting base. This change has been led by SMEs, although there is still a high concentration of international sales in a small fraction of large and stable exporters. In any case, potential export growth has improved thanks to the widening of stable exporters base and to their geographical diversification towards emerging markets. Exporting firms are greater and have higher labour productivity than those focused only in domestic markets. Also within exporting firms, those with stable and diversified external flows are positively selected in terms of productivity and size. The potential widening of the stable exporting base would require an improvement of the efficiency of the segment of SMEs. Removing potential regulatory barriers that might restrict their growth and innovation ability is key to consolidate their presence in international markets in the long run.

Suggested Citation

  • Eduardo Gutiérrez Chacón & César Martín Machuca, 2019. "Exporting Spanish firms. Stylized facts and trends," Occasional Papers 1903, Banco de España.
    • Handle: RePEc:bde:opaper:1903
    as

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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosOcasionales/19/Files/do1903e.pdf
    File Function: First version, February 2019
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    References listed on IDEAS

    as
    1. Olympia Bover, 2011. "The Spanish survey of household finances (eff): description and methods of the 2008 wave," Occasional Papers 1103, Banco de España.
    2. Olympia Bover & Enrique Coronado & Pilar Velilla, 2014. "The Spanish survey of household finances (EFF): description and methods of the 2011 wave," Occasional Papers 1407, Banco de España.
    3. Olympia Bover & Laura Crespo & Carlos Gento & Ismael Moreno, 2018. "The Spanish survey of household finances (EFF): Description and methods of the 2014 wave," Occasional Papers 1804, Banco de España.
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    Cited by:

    1. Alguacil, Maite & Lo Turco, Alessia & Martínez-Zarzoso, Inmaculada, 2022. "Robot adoption and export performance: Firm-level evidence from Spain," Economic Modelling, Elsevier, vol. 114(C).

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    More about this item

    Keywords

    international trade; exports; firms; geographical diversification.;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F19 - International Economics - - Trade - - - Other
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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