Spanish Trade Margins before and after the Great Recession

Authors

  • Juan De Lucio Universidad Nebrija, Facultad de Ciencias Sociales. Madrid, España. E-mail: jlucio@nebrija.es
  • Raúl Mínguez Universidad Nebrija, Facultad de Ciencias Sociales. Madrid, España. E-mail: rminguez@nebrija.es
  • Asier Minondo Universidad de Deusto, Deusto Business School. San Sebastián, España. E-mail: aminondo@deusto.es
  • Francisco Requena Universidad de Valencia, Facultad de Economía. Valencia, España. E-mail: francisco.requena@uv.es

DOI:

https://doi.org/10.25115/eea.v35i1.2435

Keywords:

Export Growth, International Trade, Extensive Margin, Intensive Margin, Net Inflow of Firms, Concentration of Exports, Survival.

Abstract

After the 2008-2009 Great Recession, the Spanish exports development has been positive. Some analysts attribute this behavior to the increasing number of exporting firms. To validate this hypothesis, we performed a decomposition of Spanish exports growth along the 1997-2015 period. Data show that the contribution of new exporting firms has gradually decreased, even in the period after the Great Recession. In addition, the evolution of firms in international markets is characterized by a gradual fall in both the survival rate of incoming firms and the value per transaction of new firms in foreign markets. Finally, the role of net inflow remains important for long-term export growth; but most of its contribution is concentrated in a small number of companies.

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Published

2019-05-01