Success and Failure of African Exporters
Using a novel dataset with transactions level exports data from four African countries (Malawi, Mali, Senegal and Tanzania), this paper uncovers evidence of a high degree of experimentation at the extensive margin associated with low survival rates...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110511084559 http://hdl.handle.net/10986/3419 |
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okr-10986-34192021-04-23T14:02:09Z Success and Failure of African Exporters Cadot, Olivier Iacovone, Leonardo Pierola Castro, Martha Denisse Rauch, Ferdinand ADVERSE SELECTION AVERAGE VARIABLE COSTS BANDWIDTH BANK LOANS BANK POLICY BILATERAL TRADE BUYER BUYERS CAPABILITIES CAPITAL EXPENDITURE CASH FLOW CD COLLATERAL COMPANY COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITORS CONFIDENTIALITY CONSUMERS CREDIT CONSTRAINTS CUSTOMS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMICS RESEARCH ENTREPRENEURS EQUIPMENT EXPANSION EXPENDITURE EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PROMOTION EXPORTER EXPORTERS EXPORTS EXTERNAL FINANCE EXTERNALITIES FACE VALUE FINANCIAL CONSTRAINTS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINISHED PRODUCT FIRMS FIXED COSTS FOREIGN MARKETS GDP GLOBAL ECONOMY GLOBALIZATION IDS INCOME INCOME LEVELS INFORMATION ASYMMETRIES INFORMATION ON PRODUCTS INFORMATIONAL ASYMMETRIES INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE LETTERS OF CREDIT MANUFACTURING MARGINAL PRODUCTS MARKET ECONOMY MARKET ENTRY MARKET ENTRY COSTS MARKET FAILURE MARKET FAILURES MARKET OPPORTUNITIES MARKET VALUE MARKETING MIDDLE INCOME COUNTRY MORAL HAZARD NETWORKS NEW MARKETS OPEN ACCESS OUTSOURCING PARTY PORTFOLIO PORTFOLIOS POSITIVE EXTERNALITY PRICE COMPETITION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT DIFFERENTIATION PRODUCT INFORMATION PRODUCT QUALITY PRODUCTIVITY PUBLIC FUNDS RAW DATA RELIABILITY RESULT RESULTS RISK MANAGEMENT SALE SALES SUBSTITUTES SUNK COSTS SUPPLIERS TANGIBLE ASSETS TAX TRADE FAIR TRADE FAIRS TRANSACTION TRANSACTION VOLUMES TRUST FUND TURNOVER VALUE CHAIN VOLATILITY WEB WORLD TRADE Using a novel dataset with transactions level exports data from four African countries (Malawi, Mali, Senegal and Tanzania), this paper uncovers evidence of a high degree of experimentation at the extensive margin associated with low survival rates, consistent with high and middle income country evidence. Consequently, the authors focus on the questions of what determines success and survival beyond the first year and find that survival probability rises with the number of firms exporting the same product to the same destination from the same country, pointing towards the existence of cross-firm synergies. Accordingly the evidence is consistent with the hypothesis that those synergies may be driven by information spillovers. More intuitively and consistently with multi-product firms models, the analysis also finds that firms more diversified in terms of products, but even more in terms of markets, are more likely to be successful and survive beyond the first year. 2012-03-19T18:02:07Z 2012-03-19T18:02:07Z 2011-05-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110511084559 http://hdl.handle.net/10986/3419 English Policy Research working paper ; no. WPS 5657 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Africa Africa Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADVERSE SELECTION AVERAGE VARIABLE COSTS BANDWIDTH BANK LOANS BANK POLICY BILATERAL TRADE BUYER BUYERS CAPABILITIES CAPITAL EXPENDITURE CASH FLOW CD COLLATERAL COMPANY COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITORS CONFIDENTIALITY CONSUMERS CREDIT CONSTRAINTS CUSTOMS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMICS RESEARCH ENTREPRENEURS EQUIPMENT EXPANSION EXPENDITURE EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PROMOTION EXPORTER EXPORTERS EXPORTS EXTERNAL FINANCE EXTERNALITIES FACE VALUE FINANCIAL CONSTRAINTS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINISHED PRODUCT FIRMS FIXED COSTS FOREIGN MARKETS GDP GLOBAL ECONOMY GLOBALIZATION IDS INCOME INCOME LEVELS INFORMATION ASYMMETRIES INFORMATION ON PRODUCTS INFORMATIONAL ASYMMETRIES INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE LETTERS OF CREDIT MANUFACTURING MARGINAL PRODUCTS MARKET ECONOMY MARKET ENTRY MARKET ENTRY COSTS MARKET FAILURE MARKET FAILURES MARKET OPPORTUNITIES MARKET VALUE MARKETING MIDDLE INCOME COUNTRY MORAL HAZARD NETWORKS NEW MARKETS OPEN ACCESS OUTSOURCING PARTY PORTFOLIO PORTFOLIOS POSITIVE EXTERNALITY PRICE COMPETITION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT DIFFERENTIATION PRODUCT INFORMATION PRODUCT QUALITY PRODUCTIVITY PUBLIC FUNDS RAW DATA RELIABILITY RESULT RESULTS RISK MANAGEMENT SALE SALES SUBSTITUTES SUNK COSTS SUPPLIERS TANGIBLE ASSETS TAX TRADE FAIR TRADE FAIRS TRANSACTION TRANSACTION VOLUMES TRUST FUND TURNOVER VALUE CHAIN VOLATILITY WEB WORLD TRADE |
| spellingShingle |
ADVERSE SELECTION AVERAGE VARIABLE COSTS BANDWIDTH BANK LOANS BANK POLICY BILATERAL TRADE BUYER BUYERS CAPABILITIES CAPITAL EXPENDITURE CASH FLOW CD COLLATERAL COMPANY COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITORS CONFIDENTIALITY CONSUMERS CREDIT CONSTRAINTS CUSTOMS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMICS RESEARCH ENTREPRENEURS EQUIPMENT EXPANSION EXPENDITURE EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PROMOTION EXPORTER EXPORTERS EXPORTS EXTERNAL FINANCE EXTERNALITIES FACE VALUE FINANCIAL CONSTRAINTS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINISHED PRODUCT FIRMS FIXED COSTS FOREIGN MARKETS GDP GLOBAL ECONOMY GLOBALIZATION IDS INCOME INCOME LEVELS INFORMATION ASYMMETRIES INFORMATION ON PRODUCTS INFORMATIONAL ASYMMETRIES INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE LETTERS OF CREDIT MANUFACTURING MARGINAL PRODUCTS MARKET ECONOMY MARKET ENTRY MARKET ENTRY COSTS MARKET FAILURE MARKET FAILURES MARKET OPPORTUNITIES MARKET VALUE MARKETING MIDDLE INCOME COUNTRY MORAL HAZARD NETWORKS NEW MARKETS OPEN ACCESS OUTSOURCING PARTY PORTFOLIO PORTFOLIOS POSITIVE EXTERNALITY PRICE COMPETITION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT DIFFERENTIATION PRODUCT INFORMATION PRODUCT QUALITY PRODUCTIVITY PUBLIC FUNDS RAW DATA RELIABILITY RESULT RESULTS RISK MANAGEMENT SALE SALES SUBSTITUTES SUNK COSTS SUPPLIERS TANGIBLE ASSETS TAX TRADE FAIR TRADE FAIRS TRANSACTION TRANSACTION VOLUMES TRUST FUND TURNOVER VALUE CHAIN VOLATILITY WEB WORLD TRADE Cadot, Olivier Iacovone, Leonardo Pierola Castro, Martha Denisse Rauch, Ferdinand Success and Failure of African Exporters |
| geographic_facet |
Africa Africa Africa |
| relation |
Policy Research working paper ; no. WPS 5657 |
| description |
Using a novel dataset with transactions
level exports data from four African countries (Malawi,
Mali, Senegal and Tanzania), this paper uncovers evidence of
a high degree of experimentation at the extensive margin
associated with low survival rates, consistent with high and
middle income country evidence. Consequently, the authors
focus on the questions of what determines success and
survival beyond the first year and find that survival
probability rises with the number of firms exporting the
same product to the same destination from the same country,
pointing towards the existence of cross-firm synergies.
Accordingly the evidence is consistent with the hypothesis
that those synergies may be driven by information
spillovers. More intuitively and consistently with
multi-product firms models, the analysis also finds that
firms more diversified in terms of products, but even more
in terms of markets, are more likely to be successful and
survive beyond the first year. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Cadot, Olivier Iacovone, Leonardo Pierola Castro, Martha Denisse Rauch, Ferdinand |
| author_facet |
Cadot, Olivier Iacovone, Leonardo Pierola Castro, Martha Denisse Rauch, Ferdinand |
| author_sort |
Cadot, Olivier |
| title |
Success and Failure of African Exporters |
| title_short |
Success and Failure of African Exporters |
| title_full |
Success and Failure of African Exporters |
| title_fullStr |
Success and Failure of African Exporters |
| title_full_unstemmed |
Success and Failure of African Exporters |
| title_sort |
success and failure of african exporters |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110511084559 http://hdl.handle.net/10986/3419 |
| _version_ |
1764386966598582272 |