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The Export Strategy and SMEs Employment Resilience During Slump Periods

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The Export Strategy and SMEs Employment Resilience During Slump Periods

dc.contributor.author	Aparicio Pérez, Daniel
dc.contributor.author	Calatayud, Carolina
dc.contributor.author	Rochina Barrachina, María Engracia
dc.date.accessioned	2023-06-15T09:25:14Z
dc.date.available	2023-06-16T04:45:06Z
dc.date.issued	2021	es_ES
dc.identifier.citation	AparicioPérez, D.; Calatayud, C.; and Rochina Barrachina, M. E. (2021). The Export Strategy and SMEs Employment Resilience During Slump Periods. Economics, 15 (1), 163-186.	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/87921
dc.description.abstract	The Spanish economy was the most hit by the Great Recession. It suffered a greater decrease in the gross domesticproduct(GDP) (affectingespeciallyinternaldemand). However, it suffered a greater increase in exports (the so-called Spanish “miracle”). Particularly, Spanish SMEs incorporation into exports has been spectacular since 2008. Further, this has coincided with a huge increase in unemployment. Therefore, our main objective is to investigate the moderating role of exports in job destruction associated with recessive contexts of domestic demand using Spanish manufactur ing SMEs as a case study. We obtain for SMEs that export participation helps compensate for the decrease in the number of workers generated by a (domestic) downturn, also increasing their survival. Otherwise, SMEs’ survival is negatively affected by financial constraints, production costs, and a recessive demand. This compensatory effect of exports on employment works in favor of permanent workers, meaning that the ratio of permanent to tem porary workers may increase for SMEs during recessive periods. Finally, we provide evidence that supports that participation of SMEs in exports is also due to a reaction to the fall in the domestic demand (the so-called “venting out” hypothesis) and, mainly, that this occurs for firms with high utilization of its productive capacity.	es_ES
dc.language.iso	en	es_ES
dc.publisher	De Gruyter academic publishing	es_ES
dc.subject	job losses due to domestic downturn	es_ES
dc.subject	venting out	es_ES
dc.subject	exports	es_ES
dc.subject	production capacity utilization	es_ES
dc.subject	spanish manufacturing SMEs	es_ES
dc.title	The Export Strategy and SMEs Employment Resilience During Slump Periods	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.1515/econ-2021-0011	es_ES
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES
dc.type.hasVersion	VoR	es_ES
dc.rights.accessRights	open access	es_ES