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1 juillet 2016
- ISIDORE Id: 10670/1.92fe90...
- hal: hal-03393193
- SCIENCESPO: 2441/2adadp8ijs8ij8c4htsg0puqid
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info:eu-repo/semantics/altIdentifier/hdl/2441/2adadp8ijs8ij8c4htsg0puqid
Ce document est lié à :
info:eu-repo/grantAgreement/EC/FP7/313522/EU/Heterogeneity That Matters for Trade and Welfare/HETMAT
info:eu-repo/semantics/OpenAccess
Mots-clés
Trade competition French Firms Export markets Productivity fluctuations F - International Economics/F.F1 - TradeSujets proches
Frenchmen (French people)Citer ce document
Thierry Mayer et al., « Product Mix and Firm Productivity Responses to Trade Competition », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.92fe90...
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Résumé
We document how demand shocks in export markets lead French multi-product exporters to reallocate the mix of products sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their best performing products; and also extend the range of products sold to that market. We develop a theoretical model of multiproduct firms and derive the specific demand and cost conditions needed to generate these product-mix reallocations. Our theoretical model highlights how the increased competition from demand shocks in export markets – and the induced product mix reallocations – induce productivity changes within the firm. We then empirically test for this connection between the demand shocks and the productivity of multi-product firms exporting to those destinations. We find that the effect of those demand shocks on productivity are substantial – and explain an important share of aggregate productivity fluctuations for French manufacturing.
