LEADER 05591oam 22010934 450 001 9910826443603321 005 20240402023454.0 010 $a1-4623-7092-6 010 $a1-4518-7104-X 010 $a9786612841972 010 $a1-4527-9649-1 010 $a1-282-84197-1 035 $a(CKB)3170000000055141 035 $a(EBL)1586706 035 $a(SSID)ssj0000944133 035 $a(PQKBManifestationID)11518474 035 $a(PQKBTitleCode)TC0000944133 035 $a(PQKBWorkID)10983294 035 $a(PQKB)11410749 035 $a(OCoLC)762062544 035 $a(IMF)WPIEE2008246 035 $a(MiAaPQ)EBC1586706 035 $a(EXLCZ)993170000000055141 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGlobalization Drives Strategic Product Switching /$fMarialuz Moreno Badia, Veerle Slootmaekers, Ilke Van Beveren 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (68 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/246 300 $aDescription based upon print version of record. 311 $a1-4519-1557-8 320 $aIncludes bibliographical references. 327 $aCover 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 327 $a7. 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 330 3 $aUsing firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of exit and product switching in an emerging market; and (2) we consider explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but it is an important factor explaining product switching. Previous studies on industrial countries have shown that product switching has been a defensive strategy against low-cost imports. In contrast, our results suggest that Estonian firms have switched products as an offensive strategy to take advantage of the export opportunities created by trade liberalization. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/246 606 $aGlobalization$xEconomic aspects$zEstonia$xEconometric models 606 $aProduct management$zEstonia$xEconometric models 606 $aCosts, Industrial$zEstonia$xEconometric models 606 $aExports and Imports$2imf 606 $aFinance: General$2imf 606 $aIndustries: Manufacturing$2imf 606 $aTrade: General$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aIndustry Studies: Manufacturing: General$2imf 606 $aInternational economics$2imf 606 $aFinance$2imf 606 $aManufacturing industries$2imf 606 $aExports$2imf 606 $aCommodity markets$2imf 606 $aCompetition$2imf 606 $aManufacturing$2imf 606 $aImports$2imf 606 $aInternational trade$2imf 606 $aFinancial markets$2imf 606 $aEconomic sectors$2imf 606 $aCommodity exchanges$2imf 607 $aEstonia, Republic of$2imf 615 0$aGlobalization$xEconomic aspects$xEconometric models. 615 0$aProduct management$xEconometric models. 615 0$aCosts, Industrial$xEconometric models. 615 7$aExports and Imports 615 7$aFinance: General 615 7$aIndustries: Manufacturing 615 7$aTrade: General 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aIndustry Studies: Manufacturing: General 615 7$aInternational economics 615 7$aFinance 615 7$aManufacturing industries 615 7$aExports 615 7$aCommodity markets 615 7$aCompetition 615 7$aManufacturing 615 7$aImports 615 7$aInternational trade 615 7$aFinancial markets 615 7$aEconomic sectors 615 7$aCommodity exchanges 676 $a337 700 $aMoreno Badia$b Marialuz$01123353 701 $aSlootmaekers$b Veerle$01643720 701 $aBeveren$b Ilke Van$01700325 801 0$bDcWaIMF 906 $aBOOK 912 $a9910826443603321 996 $aGlobalization Drives Strategic Product Switching$94083251 997 $aUNINA