Publication:
Survival Is for the Fittest : Export Survival Patterns in Georgia

dc.contributor.author Martuscelli, Antonio
dc.contributor.author Varela, Gonzalo
dc.date.accessioned 2015-02-03T14:57:55Z
dc.date.available 2015-02-03T14:57:55Z
dc.date.issued 2015-01
dc.description.abstract This paper analyzes the determinants of export flow survival in Georgia. The paper uses a unique Georgian firm-level data set, in which firms' characteristics and output dynamics are matched with their customs' export transactions, for the period 2006-12. A discrete survival model is used to explore the role of firm level characteristics, diversification strategies, and network effects on the survival rates of export flows. Low survival rates at the product level are found to limit the ability of Georgian firms to consolidate new products in international markets. The analysis finds that it is production efficiency, rather than size, that boosts export survival chances, that firms diversification strategies matter for the prospects of survival, and that there is strong evidence of network effects in export survival. The analysis also finds that ratified foreign trade agreements contribute to increase the survival of export flows by reducing policy-induced trading costs and increasing information about destination markets. en
dc.identifier http://documents.worldbank.org/curated/en/2015/01/23775406/survival-fittest-export-survival-patterns-georgia
dc.identifier.uri http://hdl.handle.net/10986/21380
dc.language English
dc.language.iso en_US
dc.publisher World Bank Group, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 7161
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject AGRICULTURE
dc.subject BALANCE SHEETS
dc.subject BANK POLICY
dc.subject BANKING SYSTEM
dc.subject BENCHMARK
dc.subject BOOK VALUE
dc.subject CAPITAL STOCK
dc.subject CASH FLOW
dc.subject COMPARATIVE ADVANTAGE
dc.subject COMPARATIVE ADVANTAGES
dc.subject COMPETITIVENESS
dc.subject CONSUMER PRICE
dc.subject CONSUMER PRICE INDEX
dc.subject CONSUMERS
dc.subject DEBT
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPING COUNTRY
dc.subject DEVELOPMENT ECONOMICS
dc.subject DEVELOPMENT POLICY
dc.subject DIRECT INVESTMENT
dc.subject DIVERSIFICATION
dc.subject DOMESTIC MARKET
dc.subject DUMMY VARIABLE
dc.subject ECONOMETRIC ANALYSIS
dc.subject ECONOMIC DEVELOPMENT
dc.subject ECONOMIC RESEARCH
dc.subject ECONOMIC SURVEYS
dc.subject EMPLOYMENT
dc.subject ENTREPRENEURS
dc.subject EQUIPMENT
dc.subject EXPANSION
dc.subject EXPORT GROWTH
dc.subject EXPORT MARKET
dc.subject EXPORT MARKETS
dc.subject EXPORT PERFORMANCE
dc.subject EXPORTER
dc.subject EXPORTERS
dc.subject EXPORTS
dc.subject EXTERNALITIES
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL SECTOR
dc.subject FIRM SIZE
dc.subject FIRMS
dc.subject FIXED COSTS
dc.subject FOREIGN CAPITAL
dc.subject FOREIGN INVESTMENT
dc.subject FOREIGN MARKET
dc.subject FOREIGN MARKETS
dc.subject FOREIGN PARTNERS
dc.subject FREE TRADE
dc.subject GLOBAL MARKET
dc.subject GLOBAL MARKETS
dc.subject GROWTH RATE
dc.subject INFORMATION ASYMMETRIES
dc.subject INTANGIBLE
dc.subject INTANGIBLE ASSETS
dc.subject INTERNATIONAL BANK
dc.subject INTERNATIONAL ECONOMICS
dc.subject INTERNATIONAL MARKETS
dc.subject INTERNATIONAL TRANSACTIONS
dc.subject JOB CREATION
dc.subject MARGINAL PRODUCTIVITY
dc.subject MARKET CONDITIONS
dc.subject MARKET DIVERSIFICATION
dc.subject MARKET ENTRY
dc.subject MARKET RESEARCH
dc.subject MARKETPLACE
dc.subject MEDIUM ENTERPRISES
dc.subject MORAL HAZARD
dc.subject MULTINATIONALS
dc.subject OPTIMIZATION
dc.subject PORTFOLIO
dc.subject POTENTIAL INVESTORS
dc.subject PRODUCER PRICE
dc.subject PRODUCER PRICE INDEX
dc.subject PRODUCT DIFFERENTIATION
dc.subject PRODUCTION EFFICIENCY
dc.subject PRODUCTION FUNCTION
dc.subject PRODUCTION FUNCTIONS
dc.subject PRODUCTIVITY
dc.subject PROFIT MARGINS
dc.subject PUBLIC FUNDS
dc.subject REAL EXCHANGE RATE
dc.subject REAL EXCHANGE RATES
dc.subject REGRESSION ANALYSIS
dc.subject SALES
dc.subject SMALL FIRMS
dc.subject SUNK COSTS
dc.subject SUPPLIER
dc.subject TOTAL FACTOR PRODUCTIVITY
dc.subject TRADE COMPETITIVENESS
dc.subject TRADE POLICIES
dc.subject TRADING
dc.subject TRADING COSTS
dc.subject TRANSACTION
dc.subject TURNOVER
dc.subject VALUE OF ASSETS
dc.title Survival Is for the Fittest : Export Survival Patterns in Georgia en
dspace.entity.type Publication
okr.date.disclosure 2015-01-15
okr.doctype Publications & Research
okr.doctype Publications & Research :: Policy Research Working Paper
okr.docurl http://documents.worldbank.org/curated/en/2015/01/23775406/survival-fittest-export-survival-patterns-georgia
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/1813-9450-7161
okr.identifier.externaldocumentum 090224b082e0122c_2_0
okr.identifier.internaldocumentum 23775406
okr.identifier.report WPS7161
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/01/12/000158349_20150112100238/Rendered/PDF/WPS7161.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Georgia
okr.topic Finance and Financial Sector Development :: Microfinance
okr.topic Small Scale Enterprise
okr.topic Economic Theory and Research
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic Industry
okr.unit Trade and Competitiveness Global Practice Group
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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