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The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach
This paper uses a detailed dataset of UK firms between 2005-16, to investigate how export participation and export values were affected by the 2008 crisis and particularly the post-crisis recovery period. Viewing the post-crisis period as a treatment compared to before the crisis, we compare firm ex...
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| Main Authors: | , , , |
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| Format: | Default Article |
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2021
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| Online Access: | https://hdl.handle.net/2134/12928658.v1 |
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| _version_ | 1818166970581778432 |
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| author | Mustapha Douch Huw Edwards Jan Van Hove Janez Kren |
| author_facet | Mustapha Douch Huw Edwards Jan Van Hove Janez Kren |
| author_sort | Mustapha Douch (7195190) |
| collection | Figshare |
| description | This paper uses a detailed dataset of UK firms between 2005-16, to investigate how export participation and export values were affected by the 2008 crisis and particularly the post-crisis recovery period. Viewing the post-crisis period as a treatment compared to before the crisis, we compare firm export propensity and export values using a propensity score matching approach. We conclude that the underlying relationships between size, productivity, creditworthiness and exports remained remarkably consistent throughout the period. After correcting for TFP and credit scores, we find relatively constant export propensity across the whole time period, except for younger firms in services industries, whose export propensity increased. Our results suggest that the slowdown in trade in this period has not been attributable to a change in underlying firm export behaviour. |
| format | Default Article |
| id | rr-article-12928658 |
| institution | Loughborough University |
| publishDate | 2021 |
| record_format | Figshare |
| spelling | rr-article-129286582021-01-06T00:00:00Z The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach Mustapha Douch (7195190) Huw Edwards (1250523) Jan Van Hove (7195856) Janez Kren (7195853) Extensive Margins Intensive Margins Crisis Credit Score This paper uses a detailed dataset of UK firms between 2005-16, to investigate how export participation and export values were affected by the 2008 crisis and particularly the post-crisis recovery period. Viewing the post-crisis period as a treatment compared to before the crisis, we compare firm export propensity and export values using a propensity score matching approach. We conclude that the underlying relationships between size, productivity, creditworthiness and exports remained remarkably consistent throughout the period. After correcting for TFP and credit scores, we find relatively constant export propensity across the whole time period, except for younger firms in services industries, whose export propensity increased. Our results suggest that the slowdown in trade in this period has not been attributable to a change in underlying firm export behaviour. 2021-01-06T00:00:00Z Text Journal contribution 2134/12928658.v1 https://figshare.com/articles/journal_contribution/The_Great_Trade_Collapse_and_the_determinants_of_UK_export_margins_a_cohort_and_firm_level_matching_approach/12928658 CC BY-NC-ND 4.0 |
| spellingShingle | Extensive Margins Intensive Margins Crisis Credit Score Mustapha Douch Huw Edwards Jan Van Hove Janez Kren The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach |
| title | The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach |
| title_full | The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach |
| title_fullStr | The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach |
| title_full_unstemmed | The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach |
| title_short | The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach |
| title_sort | great trade collapse and the determinants of uk export margins: a cohort‐ and firm‐level matching approach |
| topic | Extensive Margins Intensive Margins Crisis Credit Score |
| url | https://hdl.handle.net/2134/12928658.v1 |