Scientific article
Published:
Market-specific Sunk Export Costs: The Impact of Learning and Spillovers
Written by
Per Botolf Maurseth
Former employee
Hege Medin
Senior Research Fellow (part time)
Ed.
Summary:
Firms may face sunk costs when entering an export market. Previous studies have focused on global or country-specific sunk export costs. This study analyses the importance of market-specific sunk export costs (defining ‘market’ as a product–country combination). We also study how market-specific export costs can be affected by various kinds of learning and spillover effects. We use firm-level panel data for Norwegian seafood exports distributed on products and countries. The results lend support to the hypothesis of market-specific sunk costs. We also find evidence of learning and spillover effects, particularly within the same product group.
- Published year: 2017
-
DOI:
10.1111/twec.12420
- Language: Engelsk
- Pages: 1105 - 1127
- Volume: 40
- Booklet: 6
- Journal: The World Economy
Written by
Per Botolf Maurseth
Former employee
Hege Medin
Senior Research Fellow (part time)