The Euro Effects on the Firm and Product-Level Trade Margins: Evidence from France

31 Pages Posted: 8 Jan 2009

See all articles by Antoine Berthou

Antoine Berthou

Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques; Paris School of Economics (PSE)

Lionel Fontagne

University of Paris 1 Panthéon Sorbonne; Paris School of Economics; CEPII

Date Written: October 1, 2008

Abstract

We investigate the effects of the euro on French exporters. We build three margins corresponding to the decision of exporting, the number of products exported to each destination, and the average value of exports by product, that compose the expected value of exports of each individual firm on a market. Estimation results that rely on the full sample of exporters suggest that the euro adoption had a positive effect on the number of products exported by each individual firm, and no effect on the decision to export and the average value of exports by product. Though, composition effects are in action: the effect on the decision of exporting, and on the average value of exports by products, is positive - but weakly significant - for firms with more than 20 employees. Finally, we find that euro had no effect on least productive firms.

Keywords: Trade, export margins, euro

JEL Classification: F15

Suggested Citation

Berthou, Antoine and Fontagne, Lionel, The Euro Effects on the Firm and Product-Level Trade Margins: Evidence from France (October 1, 2008). Available at SSRN: https://ssrn.com/abstract=1323373 or http://dx.doi.org/10.2139/ssrn.1323373

Antoine Berthou

Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques ( email )

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Paris School of Economics (PSE) ( email )

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Paris, 75014 75014
France

Lionel Fontagne (Contact Author)

University of Paris 1 Panthéon Sorbonne ( email )

Maison des Sciences Economiques
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Paris, 75013
France
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+33 1 53 68 55 01 (Fax)

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Paris School of Economics ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France
+33 1 44 07 89 94 (Phone)

HOME PAGE: http://lionelfontagne.weebly.com/

CEPII ( email )

9 Rue Georges Pitard
Paris, 75015
France
+33 1 53 68 55 06 (Phone)

HOME PAGE: http://lionelfontagne.weebly.com/

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