Is Previous Export Experience Important for New Exports?
研究以往出口经验是否帮助企业降低进入新市场的成本,利用智利企业数据发现,出口经验显著影响企业向新市场推出新产品的决策。
Abstract Recent models of international trade show that trade costs are important determinants of exporting decisions. These theories, however, do not take into account that experienced firms may have lower trade costs, or that new exporters may reduce these costs by observing other exporters' decisions. We argue that previous experience exporting a product, or to a market, helps reduce entry costs for firms in international markets. Using firm-level data from Chile, with information on exports by product and destination market, we find that previous export experience significantly influences a firm's decision to introduce a new product to a new market.