Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times
The authors use a new dataset on export transactions for a large set of Latin American and Caribbean and comparator countries to assess the extent of "export entrepreneurship" during periods of fast export growth (2005-2007) and depressed...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/04/17595171/export-entrepreneurship-trade-structure-latin-america-during-good-bad-times-export-entrepreneurship-trade-structure-latin-america-during-good-bad-times http://hdl.handle.net/10986/15549 |
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okr-10986-155492021-04-23T14:03:19Z Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times Fernandes, Ana M. Lederman, Daniel Gutierrez-Rocha, Mario ACCOUNTING AGRICULTURAL COMMODITIES ANNUAL GROWTH APPAREL CD COMMODITY PRICES COMPARATIVE ADVANTAGE CONSOLIDATION COUNTRY COMPARISONS COUNTRY OF DESTINATION COUNTRY OF ORIGIN DEVELOPING COUNTRIES DOMESTIC MARKETS DURABLE ECONOMIES OF SCALE EMERGING ECONOMIES EXCHANGE RATES EXPORT DYNAMICS EXPORT FLOWS EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PROCESSING EXPORT PROCESSING ZONES EXPORT VALUE EXPORTER EXPORTERS EXTERNAL DEMAND FINANCIAL CRISIS FINANCIAL SUPPORT FREE TRADE FREE TRADE AGREEMENT GROWTH RATE GROWTH RATES HIGH-INCOME COUNTRIES INSURANCE INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL TRADE LOCAL CURRENCY LOW-INCOME COUNTRIES MANUFACTURED EXPORTS MATURITY MERCHANDISE MERCHANDISE EXPORTS MICRO DATA MULTINATIONAL FIRMS NATURAL RESOURCE NATURAL RESOURCES NET EXPORTER NET EXPORTERS NET EXPORTS OPEN TRADE REGIME POVERTY REDUCTION RAPID GROWTH RECESSION TAX TOTAL EXPORT TOTAL EXPORTS TRADE FLOW DATA TRADE REGIME TRADE STATISTICS TRADE STRUCTURE TRADE STRUCTURES TRANSACTION TRUST FUND TURNOVER UNCERTAINTY VALUE OF EXPORTS WAREHOUSES WORLD DEVELOPMENT INDICATORS The authors use a new dataset on export transactions for a large set of Latin American and Caribbean and comparator countries to assess the extent of "export entrepreneurship" during periods of fast export growth (2005-2007) and depressed external demand (2008-2009). Export entrepreneurship is equated with the extensive margin of exports, namely the advent of new exporting firms, new export products, and new export market destinations. The main findings are: (1) annual exporter entry, exit, and survival rates in Latin America and the Caribbean are quite similar to what is observed in other countries, and entry rates across sectors are quite similar but survival rates appear to be highest in agriculture; (2) the relative size of entrants into export markets (relative to incumbents) tended to be lower for natural resource-abundant countries during 2005-2007, but less so during the crisis years of 2008-2009; (3) entry rates tend to be lower in sectors in which a country has revealed comparative advantage, however, exit rates and survival rates of new exporters are higher in those sectors; and (4) the low growth of exports during the global recession of 2008-2009 in Latin America and the Caribbean was due to lower growth in exports of incumbent firms' pre-existing products and destinations, while new products and destinations tended to attenuate the recession's effects. Overall, the data suggest that the Latin American and Caribbean region appears to be no less entrepreneurial in terms of the extensive margins of exports than comparator countries. 2013-09-04T13:55:12Z 2013-09-04T13:55:12Z 2013-04 http://documents.worldbank.org/curated/en/2013/04/17595171/export-entrepreneurship-trade-structure-latin-america-during-good-bad-times-export-entrepreneurship-trade-structure-latin-america-during-good-bad-times http://hdl.handle.net/10986/15549 English en_US Policy Research Working Paper;No. 6413 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Latin America |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AGRICULTURAL COMMODITIES ANNUAL GROWTH APPAREL CD COMMODITY PRICES COMPARATIVE ADVANTAGE CONSOLIDATION COUNTRY COMPARISONS COUNTRY OF DESTINATION COUNTRY OF ORIGIN DEVELOPING COUNTRIES DOMESTIC MARKETS DURABLE ECONOMIES OF SCALE EMERGING ECONOMIES EXCHANGE RATES EXPORT DYNAMICS EXPORT FLOWS EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PROCESSING EXPORT PROCESSING ZONES EXPORT VALUE EXPORTER EXPORTERS EXTERNAL DEMAND FINANCIAL CRISIS FINANCIAL SUPPORT FREE TRADE FREE TRADE AGREEMENT GROWTH RATE GROWTH RATES HIGH-INCOME COUNTRIES INSURANCE INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL TRADE LOCAL CURRENCY LOW-INCOME COUNTRIES MANUFACTURED EXPORTS MATURITY MERCHANDISE MERCHANDISE EXPORTS MICRO DATA MULTINATIONAL FIRMS NATURAL RESOURCE NATURAL RESOURCES NET EXPORTER NET EXPORTERS NET EXPORTS OPEN TRADE REGIME POVERTY REDUCTION RAPID GROWTH RECESSION TAX TOTAL EXPORT TOTAL EXPORTS TRADE FLOW DATA TRADE REGIME TRADE STATISTICS TRADE STRUCTURE TRADE STRUCTURES TRANSACTION TRUST FUND TURNOVER UNCERTAINTY VALUE OF EXPORTS WAREHOUSES WORLD DEVELOPMENT INDICATORS |
| spellingShingle |
ACCOUNTING AGRICULTURAL COMMODITIES ANNUAL GROWTH APPAREL CD COMMODITY PRICES COMPARATIVE ADVANTAGE CONSOLIDATION COUNTRY COMPARISONS COUNTRY OF DESTINATION COUNTRY OF ORIGIN DEVELOPING COUNTRIES DOMESTIC MARKETS DURABLE ECONOMIES OF SCALE EMERGING ECONOMIES EXCHANGE RATES EXPORT DYNAMICS EXPORT FLOWS EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PROCESSING EXPORT PROCESSING ZONES EXPORT VALUE EXPORTER EXPORTERS EXTERNAL DEMAND FINANCIAL CRISIS FINANCIAL SUPPORT FREE TRADE FREE TRADE AGREEMENT GROWTH RATE GROWTH RATES HIGH-INCOME COUNTRIES INSURANCE INTERNATIONAL BANK INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL TRADE LOCAL CURRENCY LOW-INCOME COUNTRIES MANUFACTURED EXPORTS MATURITY MERCHANDISE MERCHANDISE EXPORTS MICRO DATA MULTINATIONAL FIRMS NATURAL RESOURCE NATURAL RESOURCES NET EXPORTER NET EXPORTERS NET EXPORTS OPEN TRADE REGIME POVERTY REDUCTION RAPID GROWTH RECESSION TAX TOTAL EXPORT TOTAL EXPORTS TRADE FLOW DATA TRADE REGIME TRADE STATISTICS TRADE STRUCTURE TRADE STRUCTURES TRANSACTION TRUST FUND TURNOVER UNCERTAINTY VALUE OF EXPORTS WAREHOUSES WORLD DEVELOPMENT INDICATORS Fernandes, Ana M. Lederman, Daniel Gutierrez-Rocha, Mario Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times |
| geographic_facet |
Latin America & Caribbean Latin America |
| relation |
Policy Research Working Paper;No. 6413 |
| description |
The authors use a new dataset on export
transactions for a large set of Latin American and Caribbean
and comparator countries to assess the extent of
"export entrepreneurship" during periods of fast
export growth (2005-2007) and depressed external demand
(2008-2009). Export entrepreneurship is equated with the
extensive margin of exports, namely the advent of new
exporting firms, new export products, and new export market
destinations. The main findings are: (1) annual exporter
entry, exit, and survival rates in Latin America and the
Caribbean are quite similar to what is observed in other
countries, and entry rates across sectors are quite similar
but survival rates appear to be highest in agriculture; (2)
the relative size of entrants into export markets (relative
to incumbents) tended to be lower for natural
resource-abundant countries during 2005-2007, but less so
during the crisis years of 2008-2009; (3) entry rates tend
to be lower in sectors in which a country has revealed
comparative advantage, however, exit rates and survival
rates of new exporters are higher in those sectors; and (4)
the low growth of exports during the global recession of
2008-2009 in Latin America and the Caribbean was due to
lower growth in exports of incumbent firms'
pre-existing products and destinations, while new products
and destinations tended to attenuate the recession's
effects. Overall, the data suggest that the Latin American
and Caribbean region appears to be no less entrepreneurial
in terms of the extensive margins of exports than comparator countries. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Fernandes, Ana M. Lederman, Daniel Gutierrez-Rocha, Mario |
| author_facet |
Fernandes, Ana M. Lederman, Daniel Gutierrez-Rocha, Mario |
| author_sort |
Fernandes, Ana M. |
| title |
Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times |
| title_short |
Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times |
| title_full |
Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times |
| title_fullStr |
Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times |
| title_full_unstemmed |
Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times |
| title_sort |
export entrepreneurship and trade structure in latin america during good and bad times |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/04/17595171/export-entrepreneurship-trade-structure-latin-america-during-good-bad-times-export-entrepreneurship-trade-structure-latin-america-during-good-bad-times http://hdl.handle.net/10986/15549 |
| _version_ |
1764429387809161216 |