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Author Moreno Badia, Marialuz, author

Title Globalization drives strategic product switching / prepared by Marialuz Moreno Badia, Veerle Slootmaekers, and Ilke Van Beveren
Published Washington, D.C. : International Monetary Fund, ©2008

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Description 1 online resource (44 pages) : illustrations
Series IMF working paper ; WP/08/246.
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Industry Dynamics in Estonia; 1. Exits and Industry Switches, 1997-2004; 2. Sector Distribution; 3. Four-Digit Product Switches Decomposed25; 4. Destination of Product Switches by Techonology Class; III. Determinants of Firm Dynamics; 5. Summary Statistics; A. Firm Characteristics; B. Product Market Characteristics: Domestic Market; C. Product Market Characteristics: International Competition; IV. Results; A. Baseline Results; 6. Baseline Specificiation; B. Self-Selection into New Markets
7. Product Switching Versus Industry Switching8. Industry Switching: Manufacturing versus Services; 9. Unit Value Difference Between Industry of Origin and Destination; V. Robustness Checks; A. Results by Size Class; 1. Sample Size Distribution; 10. Determinants of Firm Dynamics Across Size Categories; B. Results by Time Period; 11. Determinants of Firm Dynamics Across Time; VI. Conclusions; Appendix I. Data and Sample Selection; Appendix II. Definitions of Variables; Appendix III. Sector Classification According to Technology Intensity and Knowledge; References; Footnotes
Summary Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of exit and product switching in an emerging market; and (2) we consider explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but it is an important factor explaining product switching. Previous studies on industrial countries have shown that product switching has been a defensive strategy against low-cost imports. In contrast, our results suggest that Estonian firms have switched products as an offensive strategy to take advantage of the export opportunities created by trade liberalization
Notes At head of title: European Department
"October 2008."
Bibliography Includes bibliographical references (pages 41-44)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
Print version record
digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL
Subject Globalization -- Economic aspects -- Estonia -- Econometric models
Product management -- Estonia -- Econometric models
Costs, Industrial -- Estonia -- Econometric models
Costs, Industrial -- Econometric models
Product management -- Econometric models
Estonia
Form Electronic book
Author Slootmaekers, Veerle, author
Beveren, I. van (Ilke), author.
International Monetary Fund. European Department.
ISBN 1282841971
9781282841970
9781452796499
1452796491
9781451915570
1451915578
1462370926
9781462370924
145187104X
9781451871043
9786612841972
6612841974