Survival Is for the Fittest : Export Survival Patterns in Georgia
This paper analyzes the determinants of export flow survival in Georgia. The paper uses a unique Georgian firm-level data set, in which firms' characteristics and output dynamics are matched with their customs' export transactions, for th...
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| Format: | Publications & Research |
| Language: | English en_US |
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World Bank Group, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/01/23775406/survival-fittest-export-survival-patterns-georgia http://hdl.handle.net/10986/21380 |
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okr-10986-213802021-06-14T10:22:46Z Survival Is for the Fittest : Export Survival Patterns in Georgia Martuscelli, Antonio Varela, Gonzalo AGRICULTURE BALANCE SHEETS BANK POLICY BANKING SYSTEM BENCHMARK BOOK VALUE CAPITAL STOCK CASH FLOW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMERS DEBT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIRECT INVESTMENT DIVERSIFICATION DOMESTIC MARKET DUMMY VARIABLE ECONOMETRIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC RESEARCH ECONOMIC SURVEYS EMPLOYMENT ENTREPRENEURS EQUIPMENT EXPANSION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORTER EXPORTERS EXPORTS EXTERNALITIES FINANCIAL MARKETS FINANCIAL SECTOR FIRM SIZE FIRMS FIXED COSTS FOREIGN CAPITAL FOREIGN INVESTMENT FOREIGN MARKET FOREIGN MARKETS FOREIGN PARTNERS FREE TRADE GLOBAL MARKET GLOBAL MARKETS GROWTH RATE INFORMATION ASYMMETRIES INTANGIBLE INTANGIBLE ASSETS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRANSACTIONS JOB CREATION MARGINAL PRODUCTIVITY MARKET CONDITIONS MARKET DIVERSIFICATION MARKET ENTRY MARKET RESEARCH MARKETPLACE MEDIUM ENTERPRISES MORAL HAZARD MULTINATIONALS OPTIMIZATION PORTFOLIO POTENTIAL INVESTORS PRODUCER PRICE PRODUCER PRICE INDEX PRODUCT DIFFERENTIATION PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROFIT MARGINS PUBLIC FUNDS REAL EXCHANGE RATE REAL EXCHANGE RATES REGRESSION ANALYSIS SALES SMALL FIRMS SUNK COSTS SUPPLIER TOTAL FACTOR PRODUCTIVITY TRADE COMPETITIVENESS TRADE POLICIES TRADING TRADING COSTS TRANSACTION TURNOVER VALUE OF ASSETS This paper analyzes the determinants of export flow survival in Georgia. The paper uses a unique Georgian firm-level data set, in which firms' characteristics and output dynamics are matched with their customs' export transactions, for the period 2006-12. A discrete survival model is used to explore the role of firm level characteristics, diversification strategies, and network effects on the survival rates of export flows. Low survival rates at the product level are found to limit the ability of Georgian firms to consolidate new products in international markets. The analysis finds that it is production efficiency, rather than size, that boosts export survival chances, that firms diversification strategies matter for the prospects of survival, and that there is strong evidence of network effects in export survival. The analysis also finds that ratified foreign trade agreements contribute to increase the survival of export flows by reducing policy-induced trading costs and increasing information about destination markets. 2015-02-03T14:57:55Z 2015-02-03T14:57:55Z 2015-01 http://documents.worldbank.org/curated/en/2015/01/23775406/survival-fittest-export-survival-patterns-georgia http://hdl.handle.net/10986/21380 English en_US Policy Research Working Paper;No. 7161 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia Georgia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURE BALANCE SHEETS BANK POLICY BANKING SYSTEM BENCHMARK BOOK VALUE CAPITAL STOCK CASH FLOW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMERS DEBT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIRECT INVESTMENT DIVERSIFICATION DOMESTIC MARKET DUMMY VARIABLE ECONOMETRIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC RESEARCH ECONOMIC SURVEYS EMPLOYMENT ENTREPRENEURS EQUIPMENT EXPANSION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORTER EXPORTERS EXPORTS EXTERNALITIES FINANCIAL MARKETS FINANCIAL SECTOR FIRM SIZE FIRMS FIXED COSTS FOREIGN CAPITAL FOREIGN INVESTMENT FOREIGN MARKET FOREIGN MARKETS FOREIGN PARTNERS FREE TRADE GLOBAL MARKET GLOBAL MARKETS GROWTH RATE INFORMATION ASYMMETRIES INTANGIBLE INTANGIBLE ASSETS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRANSACTIONS JOB CREATION MARGINAL PRODUCTIVITY MARKET CONDITIONS MARKET DIVERSIFICATION MARKET ENTRY MARKET RESEARCH MARKETPLACE MEDIUM ENTERPRISES MORAL HAZARD MULTINATIONALS OPTIMIZATION PORTFOLIO POTENTIAL INVESTORS PRODUCER PRICE PRODUCER PRICE INDEX PRODUCT DIFFERENTIATION PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROFIT MARGINS PUBLIC FUNDS REAL EXCHANGE RATE REAL EXCHANGE RATES REGRESSION ANALYSIS SALES SMALL FIRMS SUNK COSTS SUPPLIER TOTAL FACTOR PRODUCTIVITY TRADE COMPETITIVENESS TRADE POLICIES TRADING TRADING COSTS TRANSACTION TURNOVER VALUE OF ASSETS |
| spellingShingle |
AGRICULTURE BALANCE SHEETS BANK POLICY BANKING SYSTEM BENCHMARK BOOK VALUE CAPITAL STOCK CASH FLOW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMERS DEBT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIRECT INVESTMENT DIVERSIFICATION DOMESTIC MARKET DUMMY VARIABLE ECONOMETRIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC RESEARCH ECONOMIC SURVEYS EMPLOYMENT ENTREPRENEURS EQUIPMENT EXPANSION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORTER EXPORTERS EXPORTS EXTERNALITIES FINANCIAL MARKETS FINANCIAL SECTOR FIRM SIZE FIRMS FIXED COSTS FOREIGN CAPITAL FOREIGN INVESTMENT FOREIGN MARKET FOREIGN MARKETS FOREIGN PARTNERS FREE TRADE GLOBAL MARKET GLOBAL MARKETS GROWTH RATE INFORMATION ASYMMETRIES INTANGIBLE INTANGIBLE ASSETS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRANSACTIONS JOB CREATION MARGINAL PRODUCTIVITY MARKET CONDITIONS MARKET DIVERSIFICATION MARKET ENTRY MARKET RESEARCH MARKETPLACE MEDIUM ENTERPRISES MORAL HAZARD MULTINATIONALS OPTIMIZATION PORTFOLIO POTENTIAL INVESTORS PRODUCER PRICE PRODUCER PRICE INDEX PRODUCT DIFFERENTIATION PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROFIT MARGINS PUBLIC FUNDS REAL EXCHANGE RATE REAL EXCHANGE RATES REGRESSION ANALYSIS SALES SMALL FIRMS SUNK COSTS SUPPLIER TOTAL FACTOR PRODUCTIVITY TRADE COMPETITIVENESS TRADE POLICIES TRADING TRADING COSTS TRANSACTION TURNOVER VALUE OF ASSETS Martuscelli, Antonio Varela, Gonzalo Survival Is for the Fittest : Export Survival Patterns in Georgia |
| geographic_facet |
Europe and Central Asia Georgia |
| relation |
Policy Research Working Paper;No. 7161 |
| description |
This paper analyzes the determinants of
export flow survival in Georgia. The paper uses a unique
Georgian firm-level data set, in which firms'
characteristics and output dynamics are matched with their
customs' export transactions, for the period 2006-12. A
discrete survival model is used to explore the role of firm
level characteristics, diversification strategies, and
network effects on the survival rates of export flows. Low
survival rates at the product level are found to limit the
ability of Georgian firms to consolidate new products in
international markets. The analysis finds that it is
production efficiency, rather than size, that boosts export
survival chances, that firms diversification strategies
matter for the prospects of survival, and that there is
strong evidence of network effects in export survival. The
analysis also finds that ratified foreign trade agreements
contribute to increase the survival of export flows by
reducing policy-induced trading costs and increasing
information about destination markets. |
| format |
Publications & Research |
| author |
Martuscelli, Antonio Varela, Gonzalo |
| author_facet |
Martuscelli, Antonio Varela, Gonzalo |
| author_sort |
Martuscelli, Antonio |
| title |
Survival Is for the Fittest : Export Survival Patterns in Georgia |
| title_short |
Survival Is for the Fittest : Export Survival Patterns in Georgia |
| title_full |
Survival Is for the Fittest : Export Survival Patterns in Georgia |
| title_fullStr |
Survival Is for the Fittest : Export Survival Patterns in Georgia |
| title_full_unstemmed |
Survival Is for the Fittest : Export Survival Patterns in Georgia |
| title_sort |
survival is for the fittest : export survival patterns in georgia |
| publisher |
World Bank Group, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/01/23775406/survival-fittest-export-survival-patterns-georgia http://hdl.handle.net/10986/21380 |
| _version_ |
1764448095637078016 |