Do sunk exporting costs differ among markets? Evidence from Spanish manufacturing firms
Identificadores
URI: http://hdl.handle.net/10481/31498Metadatos
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Universidad de Granada. Departamento de Teoría e Historia Económica
Materia
Sunk costs Heterogeneity of firms Regionalism
Fecha
2007Referencia bibliográfica
Blanes, J.V.; et al. Do sunk exporting costs differ among markets? Evidence from Spanish manufacturing firms. Universidad de Granada. Departamento de Teoría e Historia Económica (2007). (The Papers; 07/02). [http://hdl.handle.net/10481/31498]
Patrocinador
The authors gratefully acknowledge the financial support from the CICYT Project SEJ2005-001163 and SEJ2006–11067 (Spanish Ministry of Education and FEDER), Grupo de investigación GAMMA (SEJ 340), Fundación Centro de Estudios Andaluces (ECOD.105/034).Resumen
In this paper, we test the hypothesis of sunk exporting costs differing among markets. We use a sample of Spanish firms from Encuesta sobre Estrategias Empresariales (ESEE) for period 1991-2002. Our results confirm the importance of those sunk costs and demonstrate that they differ depending on the market they export to. Although most of the firms exports to developed markets, the costs to enter (and "to re-enter") are greater in those markets.