Exporters in the Financial Crisis
In: National Institute economic review: journal of the National Institute of Economic and Social Research, Band 228, S. R49-R57
ISSN: 1741-3036
Using a large panel of UK manufacturing firms over the period 2000–9, we consider how firms responded during the most recent financial crisis, estimating models for export market participation decisions and firm growth and survival. The results indicate that financial variables are highly important in predicting export market entry, especially in the midst of the global financial crisis. With respect to firm growth and survival, we find that starters and continuous exporters are more likely to perform well in and out of the crisis than non-exporters.