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FIW-Study Characteristics of exporting and non-exporting firms in Austria

FIW-Study Characteristics of exporting and non-exporting firms in Austria. Johannes Pöschl – Robert Stehrer – Roman Stöllinger financed by Federal Ministry of Economy, Family and Youth FIW Workshop, 06.04.2010. Content. Introduction Dataset Export Participation Export Premia

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FIW-Study Characteristics of exporting and non-exporting firms in Austria

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  1. FIW-StudyCharacteristics of exporting and non-exporting firms in Austria Johannes Pöschl – Robert Stehrer – Roman Stöllinger financed by Federal Ministry of Economy, Family and Youth FIW Workshop, 06.04.2010

  2. Content • Introduction • Dataset • Export Participation • Export Premia • Descriptive Analysis • Econometric Results • Summary

  3. Stylised facts • EU27 exports: from 2.21 trillion (1999) to 4.01 trillion (2008) • NMS12 exports: from 112 billion (1999) to 441 billion (2008) • Only a fraction of all firms in an industry export (firm heterogeneity) • Export participation varies substantially across industries(Bernard, Jensen, Schott – 2005) • Firms engaged in export activities are larger and more productive (Eaton, Kortum and Kramarz – 2004)

  4. Theory: Exporters vs. Non-exporters Exporters face fixed costs of exporting and additional trading costs profit productivity fixed costs Non- Exporters Exporters

  5. Dataset • Source: Statistik Austria • Selected sample: manufacturing industries 2002-2006 • Firm level data from • Leistungs- und Strukturerhebungcovers most firm characteristics2006: 28712 firms • Konjunkturstatistikgives information about the export status2006: 6326 firms (93.7% of sales)

  6. First impressions from the data • 56% of the firms in the sample export in 2006 • Modest rise in export participation from 54% in 2002 • In comparison: Austrias manufacturing exports rosefrom 78 billion (2002) to 104 billion (2006) • Intensive margin more important • Intensive margin: rise in exports of firms already exporting • Extensive margin: number of exporters increases

  7. Export Participation of Austrian firms (2006)

  8. Export Concentration 1%, 5% and 10% of manufacturing firms account for42%, 74% and 87% of the exports respectively 87% 74% percentage of exports 42% percentage of firms (ranked by export sales)

  9. Size comparison – average sales per firm

  10. Size premia of exporters (non-exporters=1)

  11. Performance premia – labour productivity

  12. Labour productivity by export intensity

  13. Labour productivity and capital intensitity

  14. Econometric results – implied export premia Coefficient of non-exporters = 1, time and industry dummies included approach following Bernard, Jensen (1999)

  15. Summary • Austrian exporters make up for 87% of employment and 94% of sales (small open economy) • Export participation has only increased slightly in the period 2002-2006 • Exporting firms … • are bigger in terms of investment, employment and sales • are more capital intensive and exhibit higher labour productivity • Employees participate from export premium (capital-skill complementarity)

  16. Thank you for your attention!

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