Export Superstars
We show that very large firms shape country export patterns. Among 32 countries, the top firm on average accounts for 14% of a country’s total (non-oil) exports, and the top five firms make up 30%. These export superstars are also important in the sectoral distribution of exports. Variation in expor...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | en_US |
| Published: |
MIT Press
2016
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/23942 |
| Summary: | We show that very large firms shape country export patterns. Among 32 countries, the top firm on average accounts for 14% of a country’s total (non-oil) exports, and the top five firms make up 30%. These export superstars are also important in the sectoral distribution of exports. Variation in exports from the top firm in a country explains about one-third of the variation in sectoral exports relative to income across countries, and variation in exports from the top five firms explains nearly half. Revealed comparative advantage in a sector can be created by a single firm. |
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