05790oam 22011774 450 991096111710332120250426110849.09786612841972978146237092414623709269781451871043145187104X9781452796499145279649197812828419701282841971(CKB)3170000000055141(EBL)1586706(SSID)ssj0000944133(PQKBManifestationID)11518474(PQKBTitleCode)TC0000944133(PQKBWorkID)10983294(PQKB)11410749(OCoLC)762062544(IMF)WPIEE2008246(MiAaPQ)EBC1586706(IMF)WPIEA2008246WPIEA2008246(EXLCZ)99317000000005514120020129d2008 uf 0engur|n|---|||||txtccrGlobalization Drives Strategic Product Switching /Marialuz Moreno Badia, Veerle Slootmaekers, Ilke Van Beveren1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (68 p.)IMF Working PapersIMF working paper ;WP/08/246Description based upon print version of record.9781451915570 1451915578 Includes bibliographical references.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 Markets7. 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; FootnotesUsing 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.IMF Working Papers; Working Paper ;No. 2008/246GlobalizationEconomic aspectsEstoniaEconometric modelsProduct managementEstoniaEconometric modelsCosts, IndustrialEstoniaEconometric modelsCommodity exchangesimfCommodity marketsimfCompetitionimfEconomic sectorsimfExports and ImportsimfExportsimfFinanceimfFinance: GeneralimfFinancial marketsimfGeneral Financial Markets: General (includes Measurement and Data)imfImportsimfIndustries: ManufacturingimfIndustry Studies: Manufacturing: GeneralimfInternational economicsimfInternational tradeimfManufacturing industriesimfManufacturingimfTrade: GeneralimfEstonia, Republic ofimfGlobalizationEconomic aspectsEconometric models.Product managementEconometric models.Costs, IndustrialEconometric models.Commodity exchangesCommodity marketsCompetitionEconomic sectorsExports and ImportsExportsFinanceFinance: GeneralFinancial marketsGeneral Financial Markets: General (includes Measurement and Data)ImportsIndustries: ManufacturingIndustry Studies: Manufacturing: GeneralInternational economicsInternational tradeManufacturing industriesManufacturingTrade: General337Moreno Badia Marialuz1123353Beveren Ilke Van1815905Slootmaekers Veerle1815696DcWaIMFBOOK9910961117103321Globalization Drives Strategic Product Switching4371522UNINA