Late-movers outperform first-movers in export markets

Late-movers outperform first-movers in export markets

Using exporter-level data from Bulgaria, Burkina Faso, Egypt, Guatemala, Jordan, Malawi, Mexico, Peru, and Senegal, as well as controlling for supply and demand shocks, I find that late-movers outperform first-movers in product-destination export markets. •First-movers do not necessarily exploit exp...

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Bibliographic Details
Published in:Economics letters Vol. 196; p. 109565
Main Author: Haidar, Jamal Ibrahim
Format: Journal Article
Language:English
Published: Elsevier B.V 01-11-2020
Subjects:
Diversification
Economic Development
Exporter dynamics
First-mover
International trade
Late-mover
Market entry
International trade
Codes
F63
Market entry
Economic Development
F14
Diversification
Late-mover
L25
Exporter dynamics
First-mover
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Summary:Using exporter-level data from Bulgaria, Burkina Faso, Egypt, Guatemala, Jordan, Malawi, Mexico, Peru, and Senegal, as well as controlling for supply and demand shocks, I find that late-movers outperform first-movers in product-destination export markets. •First-movers do not necessarily exploit export markets that they explore.•Late-movers outperform first-movers in product-destination export markets.•Export performance differential between first- and late-movers is driven by export quantity not price.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2020.109565