Assessing European Firms' Exports and Productivity Distributions: The CompNet Trade Module

58 Pages Posted: 22 Jun 2015

See all articles by Antoine Berthou

Antoine Berthou

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

Emmanuel Dhyne

National Bank of Belgium

Matteo Bugamelli

Bank of Italy

Ana-Maria Cazacu

National Bank of Romania

Vlad Demian

European Central Bank (ECB)

Peter Harasztosi

Joint Research Centre, Italy

Tibor Lalinsky

National Bank of Slovakia

Jaanika Meriküll

University of Tartu - Faculty of Economics and Business Administration

Filippo Oropallo

National Institute of Statistics (Istat)

Ana Cristina Soares

Bank of Portugal

Date Written: June 22, 2015

Abstract

This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel of 15 countries, 23 manufacturing sectors during the 2000’s. We confirm that exporters are more productive than non-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more productive than starters. At the intensive margin, we show that both the level and the growth of firm-level exports rise with firm productivity, and that the bulk of aggregate exports in each country are made by a small number of highly productive firms. Finally, we show that during the crisis, the growth of exports by high productive firms sustained the current account adjustment of European “stressed” economies. This last result confirms that the shape of the productivity distribution within each country can have important consequences from the point of view of the dynamics of aggregate trade patterns.

Keywords: firm heterogeneity; firm-level exports; productivity

JEL Classification: F10, F14

Suggested Citation

Berthou, Antoine and Dhyne, Emmanuel and Bugamelli, Matteo and Cazacu, Ana-Maria and Demian, Vlad and Harasztosi, Peter and Lalinsky, Tibor and Meriküll, Jaanika and Oropallo, Filippo and Soares, Ana Cristina, Assessing European Firms' Exports and Productivity Distributions: The CompNet Trade Module (June 22, 2015). ECB Working Paper No. 1788. Available at SSRN: https://ssrn.com/abstract=2621440

Antoine Berthou

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

106/112 boulevard de l'Hopital
Paris Cedex 13, 75647
France
(+33)144078211 (Phone)

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

Emmanuel Dhyne

National Bank of Belgium ( email )

Brussels, B-1000
Belgium

Matteo Bugamelli

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Ana-Maria Cazacu

National Bank of Romania ( email )

Bucharest
Romania

Vlad Demian

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Peter Harasztosi

Joint Research Centre, Italy ( email )

Via E. Fermi 1
I-21020 Ispra (VA)
United States

Tibor Lalinsky

National Bank of Slovakia ( email )

Imricha Karvasa 1
813 25 Bratislava
Slovakia

Jaanika Meriküll

University of Tartu - Faculty of Economics and Business Administration ( email )

Narva Rd. 4-A214
Tartu 51009, 51009
Estonia

Filippo Oropallo

National Institute of Statistics (Istat) ( email )

Via Cesare Balbo 16
00184 Rome, 0185
Italy

Ana Cristina Soares (Contact Author)

Bank of Portugal ( email )

Rua Francisco Ribeiro, 2
Lisbon, 1150-165
Portugal

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