One-off Export Events

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英文文献：One-off Export Events
英文文献作者：Ingo Geishecker,Philipp J.H. Schr?der,Allan S?rensen
英文文献摘要：
Isolated single-month one-off export transactions (observed once in a 49-month window) turn out to be the dominant spell length in granular firm-product-destination trade data. Moreover, on average, for an export-active firm, such one-off events generate a significant part of foreign sales. These patterns cannot be explained by the lumpiness of trade (e.g., seasonal shipments), nor do they sit well with available trade models. To reconcile theory with the data, we introduce passive (i.e., buyer-side driven) exporting in addition to proactive exporting. Our empirical investigation establishes novel stylized facts on firm and destination characteristics associated with one-off exporting.

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