Hysteresis in Exports /
This paper presents an empirical examination of the importance of hysteresis in international trade. An econometric model of export determination is developed where the presence of sunk costs causes discontinuous behavior and hysteresis so that individual exporters' decision to stay in or out o...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1995.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 1995/052 |
| Online toegang: | Full text available on IMF |