The decision to export in Colombia: an empirical model of entry with sunk costs

Article Abstract:

An analysis of market entry with sunk costs as in the case of Colombian firms' decision to export reveals that sunk costs and prior exporting experience can have a significant effect on management decisions. A model based on panel data of large Colombian manufacturing firms is presented to quantify unpredictable responses of trade flows to exchange rate movements. The model demonstrates that sunk costs are significant and that prior export experience can increase the probability of exporting by as much as 60%.

Administration of General Economic Programs, All Other Miscellaneous Manufacturing, Manufacturing industries, not elsewhere classified, Manufacturing Industries NEC, Export Controls, Manufacturing industry, Manufacturing industries, Colombia

---

Exchange-rate regimes and international trade: evidence from the classical gold standard era

Article Abstract:

The effect of gold standards on globalization is discussed. A gravity model of trade is used to assess the effects on exchange rates and international trade.

Washington, DC, England, Foreign exchange, Foreign exchange rates, Washington, D.C., Gold standard

---

Similar abstracts:

• Abstracts: Theory of constant proportion portfolio insurance. Order flow and bid-ask spread: an empirical probability model of screen-based trading
• Abstracts: The monetary transmission mechanism: an empirical framework. Should America save for its old age? Fiscal Policy, population aging, and national saving
• Abstracts: The market reaction to announced deep cuts in capital expenditures. Accounting methods and managerial discretion: the case of dollar-value LIFO
• Abstracts: The Indonesian crisis. Towards a political economy explanation of rapid growth in ASEAN: a survey and analysis
• Abstracts: Theories of competition and market performance: multimarket competition and the source of potential entry. part 2

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.