Exporters Dynamics and the Role of Imports in Argentina
This paper examines the performance of globally engaged firms in Argentina in the past decade. Using highly disaggregated firm-level customs transaction data for imports and exports, the paper documents the progressive retreat of Argentine firms fr...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/805321587577274545/Exporters-Dynamics-and-the-Role-of-Imports-in-Argentina http://hdl.handle.net/10986/33792 |
| Summary: | This paper examines the performance of
globally engaged firms in Argentina in the past decade.
Using highly disaggregated firm-level customs transaction
data for imports and exports, the paper documents the
progressive retreat of Argentine firms from global markets.
Between 2007 and 2017, the number of exporters decreased by
30 percent. Benchmarking the characteristics of these
exporters with similar countries reveals that Argentine
exporters are disproportionally fewer and individually
larger, with export value extremely concentrated in a few
firms. Firm churning rates are disproportionately low and
survival rates of entrants are high. These findings reflect
exceptionally high entry costs of export, which are the
result of anti-export bias and import substitution policies
that sought unsuccessfully to develop the local industry.
The paper shows that exporters that import directly
intermediate and capital goods have better export outcomes
than other exporters. |
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