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Firm Export Dynamics in Interdependent Markets

30/08/2023 | 1:00 PM - 3:00 PM

Seminario de investigación del IIEP

Firm Export Dynamics in Interdependent Markets

Expositor | Sebastián Fanelli | CEMFI

He is Untenured Associate Professor at Centro de Estudios Monetarios y Financieros (CEMFI). I received my PhD from MIT in 2018 and my BA from Universidad de Buenos Aires in 2010. I was an IES fellow at Princeton during the academic year 2018-2019. My work focuses on international macroeconomics, monetary policy, and new exporter dynamics.

We estimate a model of firm export dynamics featuring cross-country complementarities.
The firm decides where to export by solving a dynamic combinatorial discrete choice problem,
for which we develop a solution algorithm that overcomes the computational challenges inherent
to the large dimensionality of its state space and choice set. According to our estimated model, firms enjoy cost reductions when exporting to countries geographically or linguistically close to each other, or that share deep trade agreements; and countries, especially small ones, sharing these traits with attractive destinations receive significantly more exports than in the absence of complementarities.


1:00 PM - 3:00 PM


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