1 / 16

FIW-Study Characteristics of exporting and non-exporting firms in Austria

This study examines the characteristics of exporting and non-exporting firms in Austria, including export participation, export premia, descriptive analysis, and econometric results. The dataset includes firm-level data from selected manufacturing industries. Key findings reveal that only a fraction of firms in an industry export, and exporting firms tend to be larger, more productive, and capital-intensive.

hambrick
Download Presentation

FIW-Study Characteristics of exporting and non-exporting firms in Austria

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIW-StudyCharacteristics of exporting and non-exporting firms in Austria Johannes Pöschl – Robert Stehrer – Roman Stöllinger financed by Federal Ministry of Economy, Family and Youth FIW Workshop, 06.04.2010

  2. Content • Introduction • Dataset • Export Participation • Export Premia • Descriptive Analysis • Econometric Results • Summary

  3. Stylised facts • EU27 exports: from 2.21 trillion (1999) to 4.01 trillion (2008) • NMS12 exports: from 112 billion (1999) to 441 billion (2008) • Only a fraction of all firms in an industry export (firm heterogeneity) • Export participation varies substantially across industries(Bernard, Jensen, Schott – 2005) • Firms engaged in export activities are larger and more productive (Eaton, Kortum and Kramarz – 2004)

  4. Theory: Exporters vs. Non-exporters Exporters face fixed costs of exporting and additional trading costs profit productivity fixed costs Non- Exporters Exporters

  5. Dataset • Source: Statistik Austria • Selected sample: manufacturing industries 2002-2006 • Firm level data from • Leistungs- und Strukturerhebungcovers most firm characteristics2006: 28712 firms • Konjunkturstatistikgives information about the export status2006: 6326 firms (93.7% of sales)

  6. First impressions from the data • 56% of the firms in the sample export in 2006 • Modest rise in export participation from 54% in 2002 • In comparison: Austrias manufacturing exports rosefrom 78 billion (2002) to 104 billion (2006) • Intensive margin more important • Intensive margin: rise in exports of firms already exporting • Extensive margin: number of exporters increases

  7. Export Participation of Austrian firms (2006)

  8. Export Concentration 1%, 5% and 10% of manufacturing firms account for42%, 74% and 87% of the exports respectively 87% 74% percentage of exports 42% percentage of firms (ranked by export sales)

  9. Size comparison – average sales per firm

  10. Size premia of exporters (non-exporters=1)

  11. Performance premia – labour productivity

  12. Labour productivity by export intensity

  13. Labour productivity and capital intensitity

  14. Econometric results – implied export premia Coefficient of non-exporters = 1, time and industry dummies included approach following Bernard, Jensen (1999)

  15. Summary • Austrian exporters make up for 87% of employment and 94% of sales (small open economy) • Export participation has only increased slightly in the period 2002-2006 • Exporting firms … • are bigger in terms of investment, employment and sales • are more capital intensive and exhibit higher labour productivity • Employees participate from export premium (capital-skill complementarity)

  16. Thank you for your attention!

More Related