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Previous experience, experimentation and export survival: Evidence from firm-product-destination level data

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Previous experience, experimentation and export survival: Evidence from firm-product-destination level data

dc.contributor.author	Esteve Pérez, Silviano
dc.date.accessioned	2023-09-26T08:44:53Z
dc.date.available	2023-09-27T04:45:05Z
dc.date.issued	2021	es_ES
dc.identifier.citation	Esteve-Pérez, S. (2021), Previous experience, experimentation and export survival: Evidence from firm-product-destination level data. World Econ, 44: 2638-2682.	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/89659
dc.description.abstract	This paper explores the role of a firm's product and/or market export experience and experimentation for survival of new product-destination export spells, using firm-level Spanish customs data over the period 1997–2015. Previous research has documented a positive impact of experience on export survival. This paper contributes to the extant literature by unravelling the distinct effect on export survival of ongoing accumulated experience (i.e., from the start of a product-destination export spell), previous product and/or destination-market experience and experimentation (repetition of product-destination relationships). We find that 60% of new product-country export spells end during their first year. Thereafter, the hazard rate remarkably falls with their elapsed duration (i.e., age). Exporting a new product endures a higher risk than entering a new market. Besides, experimentation (repeated product-destination combinations) and previous experience (especially at product rather than at destination level) significantly lower the exit hazard. The results are consistent with previous studies that suggest that sunk costs to enter markets are relatively high, while experimentation and learning are more relevant at product level.	es_ES
dc.language.iso	en	es_ES
dc.publisher	Wiley	es_ES
dc.subject	experience	es_ES
dc.subject	export survival	es_ES
dc.subject	firm- product- destination export spells	es_ES
dc.title	Previous experience, experimentation and export survival: Evidence from firm-product-destination level data	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.1111/twec.13115	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