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Firm Level Patterns in Merchandise Trade

Author

Listed:
  • Fabling, Richard

    (Reserve Bank of New Zealand)

  • Sanderson, Lynda

    (Ministry of Economic Development, New Zealand)

Abstract

In this paper we examine patterns of merchandise exporting at both the firm level (1996-2005) and the product level (1988-2005). The presentation is descriptive, and is intended to frame future analysis of the determinants and impact of observed trading behaviour. There are two main points of focus: the degree of concentration in export products, partners, and firms; and the dynamics of trade relationship entry and exit, where trade relationships can be defined according to the product, country or firm concerned, or a combination of the three. The main contribution is the development of a decomposition of export value growth into that coming from new entries, exits and continuing exporters and export relationships. Future work will examine the causal relationships underlying observed patterns of export market entry and exit, and the impact that these dynamics have on firm performance.

Suggested Citation

  • Fabling, Richard & Sanderson, Lynda, 2008. "Firm Level Patterns in Merchandise Trade," Occasional Papers 08/3, Ministry of Economic Development, New Zealand.
    • Handle: RePEc:ris:nzmedo:2008_003
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    References listed on IDEAS

    as
    1. Besedes, Tibor & Prusa, Thomas J., 2006. "Product differentiation and duration of US import trade," Journal of International Economics, Elsevier, vol. 70(2), pages 339-358, December.
    2. Grimes, Arthur, 2006. "A smooth ride: Terms of trade, volatility and GDP growth," Journal of Asian Economics, Elsevier, vol. 17(4), pages 583-600, October.
    3. Tibor Besedeš & Thomas J. Prusa, 2006. "Ins, outs, and the duration of trade," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(1), pages 266-295, February.
    4. Fabling, Richard & Grimes, Arthur & Sanderson , Lynda & Stevens, Philip, 2008. "Some Rise by Sin, and Some by Virtue Fall: Firm Dynamics, Market Structure and Performance," Occasional Papers 08/1, Ministry of Economic Development, New Zealand.
    5. Andrew B. Bernard & J. Bradford Jensen, 2004. "Why Some Firms Export," The Review of Economics and Statistics, MIT Press, vol. 86(2), pages 561-569, May.
    6. Rauch, James E., 1999. "Networks versus markets in international trade," Journal of International Economics, Elsevier, vol. 48(1), pages 7-35, June.
    7. Geoff Simmons, 2002. "Growing Pains: New Zealand Qualitative Evidence on Hurdles to Exporting Growth," Treasury Working Paper Series 02/10, New Zealand Treasury.
    8. Lederman, Daniel & Maloney, William F., 2003. "Trade structure and growth," Policy Research Working Paper Series 3025, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Julian di Giovanni & Andrei A. Levchenko, 2012. "Country Size, International Trade, and Aggregate Fluctuations in Granular Economies," Journal of Political Economy, University of Chicago Press, vol. 120(6), pages 1083-1132.
    2. Stephan Gerschewski & Joanna Scott‐Kennel & Elizabeth L. Rose, 2020. "Ready to export? The role of export readiness for superior export performance of small and medium‐sized enterprises," The World Economy, Wiley Blackwell, vol. 43(5), pages 1253-1276, May.
    3. Fabling, Richard & Grimes, Arthur & Sanderson , Lynda & Stevens, Philip, 2008. "Some Rise by Sin, and Some by Virtue Fall: Firm Dynamics, Market Structure and Performance," Occasional Papers 08/1, Ministry of Economic Development, New Zealand.
    4. Fabling, Richard & Grimes, Arthur, 2008. "Do Exporters Cut the Hedge? Who Hedges, When and Why?," Occasional Papers 08/2, Ministry of Economic Development, New Zealand.
    5. Procter, Roger, 2011. "Echanching Productivity: Towards an Updated Action Agenda," Occasional Papers 11/1, Ministry of Economic Development, New Zealand.
    6. Richard Fabling & Lynda Sanderson, 2010. "Entrepreneurship and aggregate merchandise trade growth in New Zealand," Journal of International Entrepreneurship, Springer, vol. 8(2), pages 182-199, June.

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    More about this item

    Keywords

    Merchandise Exports; Firm data; New Zealand;
    All these keywords.

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • F10 - International Economics - - Trade - - - General

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