Firms’ heterogeneity and margins of trade under uncertainty

  title={Firms’ heterogeneity and margins of trade under uncertainty},
  author={Imtiaz Ahmad and Z. Mahmood},
  journal={The Journal of International Trade \& Economic Development},
  pages={272 - 288}
ABSTRACT This study provides empirical evidence for the impact of uncertainty on the firms' export decisions. In the heterogeneous firms model, the firms' export decisions are affected by uncertainty and the firm’s risk-taking behavior along with productivity and the firms' size. The estimates show that risk-taking firms have higher probability of exporting relative to risk-neutral and risk-taking firms at 91 percent. For relatively small-sized firms, the risk-taking behavior does not make much… Expand
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