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Record Nr. |
UNINA9910961117103321 |
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Autore |
Moreno Badia Marialuz |
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Titolo |
Globalization Drives Strategic Product Switching / / Marialuz Moreno Badia, Veerle Slootmaekers, Ilke Van Beveren |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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9786612841972 |
9781462370924 |
1462370926 |
9781451871043 |
145187104X |
9781452796499 |
1452796491 |
9781282841970 |
1282841971 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (68 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/246 |
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Altri autori (Persone) |
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BeverenIlke Van |
SlootmaekersVeerle |
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Disciplina |
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Soggetti |
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Globalization - Economic aspects - Estonia - Econometric models |
Product management - Estonia - Econometric models |
Costs, Industrial - Estonia - Econometric models |
Commodity exchanges |
Commodity markets |
Competition |
Economic sectors |
Exports and Imports |
Exports |
Finance |
Finance: General |
Financial markets |
General Financial Markets: General (includes Measurement and Data) |
Imports |
Industries: Manufacturing |
Industry Studies: Manufacturing: General |
International economics |
International trade |
Manufacturing industries |
Manufacturing |
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Trade: General |
Estonia, Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Industry Dynamics in Estonia; 1. Exits and Industry Switches, 1997-2004; 2. Sector Distribution; 3. Four-Digit Product Switches Decomposed25; 4. Destination of Product Switches by Technology Class; III. Determinants of Firm Dynamics; 5. Summary Statistics; A. Firm Characteristics; B. Product Market Characteristics: Domestic Market; C. Product Market Characteristics: International Competition; IV. Results; A. Baseline Results; 6. Baseline Specification; B. Self-Selection into New Markets |
7. Product Switching Versus Industry Switching8. Industry Switching: Manufacturing versus Services; 9. Unit Value Difference Between Industry of Origin and Destination; V. Robustness Checks; A. Results by Size Class; 1. Sample Size Distribution; 10. Determinants of Firm Dynamics Across Size Categories; B. Results by Time Period; 11. Determinants of Firm Dynamics Across Time; VI. Conclusions; Appendix I. Data and Sample Selection; Appendix II. Definitions of Variables; Appendix III. Sector Classification According to Technology Intensity and Knowledge; References; Footnotes |
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Sommario/riassunto |
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Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of exit and product switching in an emerging market; and (2) we consider explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but it is an important factor explaining product switching. Previous studies on industrial countries have shown that product switching has been a defensive strategy against low-cost imports. In contrast, our results suggest that Estonian firms have switched products as an offensive strategy to take advantage of the export opportunities created by trade liberalization. |
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