FACUNDO ALBORNOZ CRESPO Facundo.Albornoz@nottingham.ac.uk
Professor of Economics
Microeconomic adjustments during an export boom: Argentina, 2003-11
Albornoz, Facundo; García Lembergman, Ezequiel; Juarez, Leticia
Authors
Ezequiel García Lembergman
Leticia Juarez
Abstract
This paper examines Argentine exports at the firm level between 2003 and 2011, a period of exceptional and sustained export growth. While at the product level, the pattern of specialisation barely changed, exporters exhibit new dynamics in international markets: firms not only expanded sales abroad by increasing their exports in existing markets, but also by entering into new destinations and adding new products. That is, new export strategies allowed exporters achieve greater resistance to the variations in the macroeconomic environment. We find that the importance of the different export margins changes overtime: while the currency is depreciated, the intensive margin explains most of export growth, whereas the subextensive and extensive margins become the main source of export growth once the currency appreciates. We also uncover a strong complementarity between import and export growth.
Citation
Albornoz, F., García Lembergman, E., & Juarez, L. (2018). Microeconomic adjustments during an export boom: Argentina, 2003-11. World Economy, 41(8), 2129-2148. https://doi.org/10.1111/twec.12653
Journal Article Type | Article |
---|---|
Acceptance Date | Sep 7, 2018 |
Online Publication Date | May 28, 2018 |
Publication Date | Aug 31, 2018 |
Deposit Date | Sep 13, 2018 |
Publicly Available Date | Mar 29, 2024 |
Journal | The World Economy |
Print ISSN | 0378-5920 |
Publisher | Wiley |
Peer Reviewed | Peer Reviewed |
Volume | 41 |
Issue | 8 |
Pages | 2129-2148 |
DOI | https://doi.org/10.1111/twec.12653 |
Public URL | https://nottingham-repository.worktribe.com/output/1074464 |
Publisher URL | https://onlinelibrary.wiley.com/doi/abs/10.1111/twec.12653 |
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Publisher Licence URL
https://creativecommons.org/licenses/by/4.0/
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