The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
This paper analyzes the export performance of Polish manufacturing firms. It focuses on the extensive and intensive margins of exports, on the decision to enter export markets and the intensity of exports, given participation, examining price and n...
Main Authors: | , , , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2016
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/422141480450329379/The-role-of-exchange-rate-and-non-exchange-rate-related-factors-in-polish-firms-export-performance http://hdl.handle.net/10986/25702 |
Summary: | This paper analyzes the export
performance of Polish manufacturing firms. It focuses on the
extensive and intensive margins of exports, on the decision
to enter export markets and the intensity of exports, given
participation, examining price and non-price determinants of
export performance. The analysis relies on two different but
complementary sources of data: a panel survey of Polish
firms for 2005-13, and an exporter-level customs data set,
for the same period, with detailed information on products
and destinations. The findings reveal that firms face high
sunk costs for entering export markets, and that once these
costs have been paid, they depreciate rapidly over time.
Strong positive local spillovers are also identified, which
help reduce entry costs. Finally, the paper shows that the
impact of real exchange rate fluctuations on firms'
export performance is dependent of the degree of integration
in international production networks. |
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