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...

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Main Authors:	Albinowski, Maciej, Hagemejer, Jan, Lovo, Stefania, Varela, Gonzalo
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	exports exchange rates international production networks productivity spillovers sunk costs liquidity R&D transition economies
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

id	okr-10986-25702
recordtype	oai_dc
spelling	okr-10986-257022021-06-08T14:42:46Z The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance Albinowski, Maciej Hagemejer, Jan Lovo, Stefania Varela, Gonzalo exports exchange rates international production networks productivity spillovers sunk costs liquidity R&D transition economies 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. 2016-12-08T16:20:09Z 2016-12-08T16:20:09Z 2016-11 Working Paper 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 English en_US Policy Research Working Paper;No. 7899 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
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	exports exchange rates international production networks productivity spillovers sunk costs liquidity R&D transition economies
spellingShingle	exports exchange rates international production networks productivity spillovers sunk costs liquidity R&D transition economies Albinowski, Maciej Hagemejer, Jan Lovo, Stefania Varela, Gonzalo The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
relation	Policy Research Working Paper;No. 7899
description	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.
format	Working Paper
author	Albinowski, Maciej Hagemejer, Jan Lovo, Stefania Varela, Gonzalo
author_facet	Albinowski, Maciej Hagemejer, Jan Lovo, Stefania Varela, Gonzalo
author_sort	Albinowski, Maciej
title	The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
title_short	The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
title_full	The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
title_fullStr	The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
title_full_unstemmed	The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance
title_sort	role of exchange rate and non-exchange rate related factors in polish firms' export performance
publisher	World Bank, Washington, DC
publishDate	2016
url	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
_version_	1764459936800047104

The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms' Export Performance

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