Verlag:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel, Hamburg
Zusammenfassung:
An astonishing 33 % of all export spells in Danish data turn out to be isolated single-month one-off export transactions. On average, for an export-active firm, one-off events generate 17 % of foreign sales. These patterns do not sit well with available trade models. To reconcile theory with the data, we introduce passive (i.e., buyer-side driven) exporting. Our empirical investigation establishes novel stylized facts on firm and destination characteristics associated with one-off exporting.