MICROECONOMETRICS OF INTERNATIONAL TRADE (World Scientific Studies in International Economics)

This volume brings together two comprehensive survey studies of the literature on the microeconometrics of international trade. The chapters apply new empirical methods to the analysis of the links between international trade and various dimensions of firm performance such as productivity, profitability, wages, and survival. The studies also include report results for Germany, one of the leading actors on the world markets for goods and services. Contents: Survey Papers: Exports and Productivity: A Survey of the Evidence from Firm Level Data (Joachim Wagner) International Trade and Firm Performance: A Survey of Empirical Studies Since 2006 (Joachim Wagner) Characteristics of Exporting and Importing Firms in Germany: Exports and Firm Characteristics in German Manufacturing Industries: New Evidence from Representative Panel Data (Joachim Wagner) Higher Productivity in Importing German Manufacturing Firms: Self-Selection, Learning from Importing or Both? (Alexander Vogel and Joachim Wagner) Exports and Wages: Do Exporters Really Pay Higher Wages? First Evidence from German Linked Employer–Employee Data (Thorsten Schank, Claus Schnabel and Joachim Wagner) Higher Wages in Exporting Firms: Self-Selection, Export Effect, or Both? First Evidence from Linked Employer–Employee Data (Thorsten Schank, Claus Schnabel and Joachim Wagner) International Trade and Profits: Exports and Profitability — First Evidence for German Manufacturing Firms (Helmut Fryges and Joachim Wagner) Exports and Pro?tability — First Evidence for German Business Services Enterprises (Alexander Vogel and Joachim Wagner) Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises (Joachim Wagner) International Trade and Firm Survival: Exports, Imports and Firm Survival: First Evidence for Manufacturing Enterprises in Germany (Joachim Wagner) Risk or Resilience? The Role of Trade Integration and Foreign Ownership for the Survival of German Enterprises During the Crisis 2008–2010 (Joachim Wagner and John P Weche Gelübcke) Credit Constraints and International Trade: Credit Constraints and Exports: A Survey of Empirical Studies Using Firm-Level Data (Joachim Wagner) Credit Constraints and Margins of Import: First Evidence for German Manufacturing Enterprises (Joachim Wagner) Extensive Margins of Exports and Imports: Trading Many Goods with Many Countries: Exporters and Importers from German Manufacturing Industries (Joachim Wagner) Methods of Empirical Analysis of Heterogeneous Exporters and Importers: From Estimation Results to Stylized Facts: Twelve Recommendations for Empirical Research in International Activities of Heterogeneous Firms (Joachim Wagner) Readership: Graduate students and researchers in the fields of econometrics and international economics. Biography Acknowledgments Introduction: The Microeconometrics of International Trade-A Personal Review Characteristics of Exporting and Importing Firms in Germany Exports and Wages International Trade and Profits International Trade and Firm Survival Credit Constraints and International Trade Extensive Margins of Exports and Imports Methods of Empirical Analysis of Heterogeneous Exporters and Importers Concluding Remarks References Part I: Survey Papers 1 Exports and Productivity: A Survey of the Evidence from Firm Level Data 1. Introduction. 2. Investigating the Exports/Productivity Relationship: Empirical Strategies2.1. A standard approach 2.2. Extensions 3. A Survey of the Evidence, 1995-2005 4. Concluding Remarks References Appendix 2 International Trade and Firm Performance: A Survey of Empirical Studies Since 2006 Abstract 1. Introduction 2. New Evidence on International Trade and Productivity 2.1. Export destination and productivity in manufacturing firms 2.2. Imports and productivity in manufacturing firms 2.3. Beyond manufacturing: International trade and productivity in services firms. 3. Beyond Productivity: International Trade and Further Dimensions of Firm Performance3.1. International trade and wages 3.2. Exports and profitability 3.3. International trade and firm survival 4. Conclusion Acknowledgment References Part II: Characteristics of Exporting and Importing Firms in Germany 3 Exports and Firm Characteristics in German Manufacturing Industries. New Evidence from Representative Panel Data Abstract 1. Motivation 2. Theoretical Considerations and Hypothesis 3. Data and Definition of Variables 4. Observed Firm Characteristics and Export Activity. 4.1. Unconditional differences between exporters and non-exporters4.2. Conditional differences between exporters and non-exporters 4.3. Firm characteristics and the share of exports in total sales 5. Unobserved Firm Characteristics and Export Activity 6. Productivity and Exports 7. Concluding Remarks Acknowledgment References 4 Higher Productivity in Importing German Manufacturing Firms: Self-selection, Learning from Importing or Both? Abstract 1. Motivation 2. Literature Review 3. Data 4. Productivity Premia for Firms in International Trade. 5. Do More Productive Firms Self-Select Into Importing?6. Do Import Starters BecomeMore Productive? 6.1. Dynamic effect of imports on the pre-entry productivity growth 6.2. Static effect of imports on the productivity level 7. Concluding Remarks Acknowledgment References Appendix Part III: Exports and Wages 5 Do Exporters Really Pay Higher Wages? First Evidence from German Linked Employer-Employee Data Abstract 1. Motivation 2. The Linked Employer-Employee Data Set 3. Traditional Approach 4. Individual Level Wage Regressions 5. Conclusions Acknowledgements References. Copyright 4 Biography 7 Contents 8 Acknowledgments 13 Introduction: The Microeconometrics of International Trade—A Personal Review 15 Part I: Survey Papers -1 1 Exports and Productivity: A Survey of the Evidence from Firm Level Data 35 2 International Trade and Firm Performance: A Survey of Empirical Studies Since 2006 75 Part II: Characteristics of Exporting and Importing Firms in Germany -1 3 Exports and Firm Characteristics in German Manufacturing Industries. New Evidence from Representative Panel Data 121 4 Higher Productivity in Importing German Manufacturing Firms: Self-selection, Learning from Importing or Both 169 Part III: Exports and Wages -1 5 Do Exporters Really Pay HigherWages? First Evidence from German Linked Employer–Employee Data 205 6 Higher Wages in Exporting Firms: Self-selection, Export Effect, or Both? First Evidence from Linked Employer–Employee Data 243 Part IV: International Trade and Profits -1 7 Exports and Profitability—First Evidence for German Manufacturing Firms 271 8 Exports and Profitability—First Evidence for German Business Services Enterprises 305 9 Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises 337 Part V: International Trade and Firm Survival -1 10 Exports, Imports and Firm Survival: First Evidence for Manufacturing Enterprises in Germany 365 11 Risk or Resilience? The Role of Trade Integration and Foreign Ownership for the Survival of German Enterprises during the Crisis 2008–2010 393 Part VI: Credit Constraints and International Trade -1 12 Credit Constraints and Exports: A Survey of Empirical Studies Using Firm Level Data 423 13 Credit Constraints and Margins of Import: First Evidence for German Manufacturing Enterprises 445 Part VII: Extensive Margins of Exports and Imports -1 14 Trading Many Goods with Many Countries: Exporters and Importers from German Manufacturing Industries 475 Part VIII: Methods of Empirical Analysis of Heterogeneous Exporters and Importers -1 15 From Estimation Results to Stylized Facts: Twelve Recommendations for Empirical Research in International Activities of Heterogeneous Firms 497