Exporting Spanish Firms. Stylized Facts and Trends

23 Pages Posted: 7 Feb 2019

Date Written: February 7, 2019

Abstract

During the last years, Spanish goods exports have increased significantly against a background of widening of the Spanish firms exporting base. This change has been led by SMEs, although there is still a high concentration of international sales in a small fraction of large and stable exporters. In any case, potential export growth has improved thanks to the widening of stable exporters base and to their geographical diversification towards emerging markets. Exporting firms are greater and have higher labour productivity than those focused only in domestic markets. Also within exporting firms, those with stable and diversified external flows are positively selected in terms of productivity and size. The potential widening of the stable exporting base would require an improvement of the efficiency of the segment of SMEs. Removing potential regulatory barriers that might restrict their growth and innovation ability is key to consolidate their presence in international markets in the long run.

Keywords: international trade, exports, firms, geographical diversification

JEL Classification: F1, F14, F19, F23

Suggested Citation

Gutiérrez Chacón, Eduardo and Machuca, César Martín, Exporting Spanish Firms. Stylized Facts and Trends (February 7, 2019). Banco de Espana Ocassional Paper No. 1903. Available at SSRN: https://ssrn.com/abstract=3330538 or http://dx.doi.org/10.2139/ssrn.3330538

Eduardo Gutiérrez Chacón (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

César Martín Machuca

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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