Did export promotion help firms weather the crisis?
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Date
2016-01-27
Authors
Van Biesebroeck, Johannes
Konings, Jozef
Volpe Martincus, Christian
Journal Title
Journal ISSN
Volume Title
Publisher
Centre for Economic Policy Research
Abstract
In the global recession of 2009, exports declined precipitously in many countries. We
illustrate with firmālevel data for Belgium and Peru that the decline was very sudden and
almost entirely due to lower export sales by existing exporters. After the recession, exports rebounded almost equally quickly and we evaluate whether export promotion programs were an effective tool aiding this recovery. We show that firms taking advantage of this type of support did better during the crisis, controlling flexibly for systematic differences between supported and control firms. The primary mechanism we identify is that supported firms are generally more likely to survive on the export market and, in particular, are more likely to continue exporting to countries hit by the financial crisis.
Description
Keywords
crisis, export performance, export promotion, Research Subject Categories::SOCIAL SCIENCES::Business and economics
Citation
Van Biesebroeck Johannes, Konings Jozef, Volpe Martincus Christian, 2016, Centre for Economic Policy Research; Did export promotion help firms weather the crisis?. http://nur.nu.edu.kz/handle/123456789/1885