Seminario de Econom�a | Juan Carlos Hallak

Invitamos a esta actividad, que tendr� lugar el pr�ximo jueves 24 de noviembre a las 15:30 hs, en Reconquista 250, Sala de Reuniones 9° piso, SEFyC. Confirmar asistencia a [email protected]

�Export Survival with Uncertainty and Experimentation�

Abstract:

Two central facts characterize the dynamics of firm exports. One is the known fact that export survival rates are strikingly low one year after entering a foreign market. The other is the novel fact that re-entrants in export markets are more likely to survive than first-time entrants. Existing models of exporter dynamics cannot explain these two facts. In this paper, we develop a tractable model of exporter dynamics that can explain them by introducing uncertainty and experimentation. The model delivers analytical predictions on survival probabilities upon entry in a foreign market. In addition to the two facts, the model can also explain other exporter dynamics facts that have been the focus of previous work. We test the main mechanism of the model by exploiting variation in the degree of uncertainty across products and markets. The results support the relevance of uncertainty and experimentation as a central feature that characterize exporter dynamics.

Juan Carlos Hallak es Coordinador de Articulaci�n Institucional, dentro de la Secretar�a de Transformaci�n Productiva, perteneciente al Ministerio de Producci�n de la Naci�n, Profesor Asociado de la Universidad de San Andr�s e Investigador Adjunto del Consejo Nacional de Investigaciones Cient�ficas y T�cnicas, entre otras posiciones. En el pasado tambi�n se ha desempe�ado como docente e investigador tanto en instituciones nacionales como del exterior. El profesor Hallak obtuvo su Ph.D en Econom�a por la Universidad de Harvard y se especializa en temas vinculados a la econom�a internacional.

21 de noviembre de 2016