Data for: Firm exit, technological progress and trade

Abstract of associated article: The dynamics of export market exit and firm closure have found limited attention in the new heterogeneous-firms trade literature. In fact, several of the predictions on firm survival and exit stemming from this new class of models are at odds with the stylized facts. Empirically, higher productivity firms survive longer, most firm closures are young firms, higher productivity exporters are more likely to continue to export compared to less productive exporters and market exits as well as firm closures are typically preceded by periods of contracting market shares. The present paper shows that the simple inclusion of exogenous economy wide technological progress into the standard Melitz (2003) model generates a tractable dynamic framework that generates endogenous exit decisions of firms in line with the stylized facts. Furthermore, we derive the effects of faster technological progress and trade liberalization on export market exit and firm closure.

关联文章摘要：在新兴的异质性企业贸易理论（heterogeneous-firms trade literature）文献中，出口市场退出与企业关停的动态机制尚未得到足够关注。事实上，这类新型模型所推导出的关于企业生存与退出的若干预测，与典型化事实（stylized facts）存在相悖之处。经验研究表明，生产率更高的企业存活周期更长，多数企业关停事件发生于年轻企业，高生产率出口商相较于低生产率出口商更有可能持续开展出口业务，且市场退出与企业关停通常以一段市场份额收缩期为先导。本文研究表明，在标准梅利茨（Melitz，2003）模型中纳入外生的整体经济技术进步，即可构建一个易于处理的动态框架，该框架能够推导出符合典型化事实的企业内生退出决策。此外，本文还推导了更快的技术进步与贸易自由化对出口市场退出及企业关停的影响。