The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms'Export Performance

35 Pages Posted: 2 Dec 2016

See all articles by Maciej Albinowski

Maciej Albinowski

Warsaw School of Economics (SGH)

Jan Hagemejer

National Bank of Poland; University of Warsaw - Faculty of Economic Sciences

Stefania Lovo

University of Reading

Gonzalo Varela

World Bank

Date Written: November 29, 2016

Abstract

This paper analyzes the export performance of Polish manufacturing firms. It focuses on the extensive and intensive margins of exports, on the decision to enter export markets and the intensity of exports, given participation, examining price and non-price determinants of export performance. The analysis relies on two different but complementary sources of data: a panel survey of Polish firms for 2005-13, and an exporter-level customs data set, for the same period, with detailed information on products and destinations. The findings reveal that firms face high sunk costs for entering export markets, and that once these costs have been paid, they depreciate rapidly over time. Strong positive local spillovers are also identified, which help reduce entry costs. Finally, the paper shows that the impact of real exchange rate fluctuations on firms' export performance is dependent of the degree of integration in international production networks.

Suggested Citation

Albinowski, Maciej and Hagemejer, Jan and Lovo, Stefania and Varela, Gonzalo, The Role of Exchange Rate and Non-Exchange Rate Related Factors in Polish Firms'Export Performance (November 29, 2016). World Bank Policy Research Working Paper No. 7899, Available at SSRN: https://ssrn.com/abstract=2878251

Maciej Albinowski (Contact Author)

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

Jan Hagemejer

National Bank of Poland ( email )

00-919 Warsaw
Poland

University of Warsaw - Faculty of Economic Sciences ( email )

Dluga Street 44/50
Warsaw, 00-241
Poland

Stefania Lovo

University of Reading ( email )

Whiteknights
Reading, Berkshire RG6 6AH
United Kingdom

Gonzalo Varela

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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