0000000000146974
AUTHOR
Francisco Requena
showing 19 related works from this author
Does a crisis increase the number of regular exporters?
2019
ABSTRACTThe severe reduction in domestic demand between 2008 and 2013 in Spain led many firms to start exporting. We explore whether the increase in the new crisis-induced exporters led to a larger...
Competitiveness and interregional as well as international trade: The case of Catalonia
2010
Recent years have seen a surge of interest among industrial organization economists in using data on international trade flows as windows into competitiveness. For countries that are at least mid sized (e g., Spain), interregional trade tends to be as large as or significantly larger than international trade. The case of Catalonia, a Spanish region, illustrates how ignoring interregional flows can lead to erroneous inferences about a region's external competitiveness. Accounting for Catalonia's interregional as well as international flows shifts what is generally assessed to be a chronic trade deficit in goods into a surplus and changes diagnoses of which Catalan sectors generate external s…
Cities export specialization
2017
We analyse whether more populated cities have an export specialization different from the one of less populated cities. Using very detailed product-level export data for Brazilian urban areas over ...
The contribution of granular and fundamental comparative advantage to European Union countries' export specialisation
2020
This paper analyses the contribution of fundamental comparative advantage (a country‐specific component) and granular comparative advantage (a firm‐specific component) to European Union countries' export specialisation. We find that, on average, granular comparative advantage may explain export specialisation in 29% of industries, which account for 47% of total exports. We also show that 60% of the variation in export specialisation across countries and industries may be explained by granular comparative advantage. These results highlight that some outstanding firms may play a very important role in explaining European Union countries' export specialisation.
A Cointegration Analysis of Car Advertising and Sales Data in the Presence of Structural Change
2006
Abstract This paper examines whether there is a long‐run stable equilibrium relationship between advertising and sales across the market segments of the UK car industry over the period 1971–2001. In order to achieve this goal, we allow for structural breaks in the series using cointegration techniques. The results show the existence of long‐run equilibrium relationships in all six market segments, although in four of them the relationship is not stable. In general, one structural change is detected in the late 1970s and another in the early 1990s, coinciding with two economic recessions. When we do not account for structural changes, the estimated long‐run elasticities of advertising on sal…
Testing Heckscher— Ohlin—Vanek Model Using Spanish Regional Data
2008
The authors conduct an empirical study of the Heckscher—Ohlin—Vanek (HOV) model of trade using regional data rather than country data. Findings for Spanish regions suggest that relaxing the assumption of world factor price equalization alone is not enough to improve the performance of the HOV model. The supposition of world identical and homothetic preferences must also be relaxed. The authors also test whether Spanish regions share the same production techniques. Allowing for productivity-adjusted factor price equalization across regions or region-specific input—output matrices contributes very little toward improving the HOV model's predictive power, suggesting that the state of technolo…
Networks and the disappearance of the intranational home bias
2012
Abstract Previous studies have shown that, not only countries, but also regions have a preference to trade within their administrative borders. Using unique trade flows data, we also find a large home bias in Spanish intranational trade. However, we show that this home bias tends to disappear once we take into account the higher density of social and business networks within regions than between regions. We also find that the home bias does not disappear if intranational trade flows are measured in quantity rather than value. This fact might explain why previous studies on other European countries still find an intranational home bias, even when network effects are taken into account.
Rethinking Regional Competitiveness: Catalonia's International and Interregional Trade 1995-2006
2009
Studies of competitiveness tend to focus on a local economy's global interactions, particularly its international trade. But for countries that are at least mid-sized (such as Spain), interregional trade tends to be as large as or significantly larger than international trade. The case of Catalonia illustrates the importance of interregional flows in truly analyzing and devising strategies for a region's external competitiveness. Accounting for interregional trade changes and performing analyses of Catalonia's overall merchandise trade balance, which sectors generate external surpluses as opposed to deficits, and who Catalonia's key trading partners are, and the use of a gravity-model appro…
Asylum Migration, Borders, and Terrorism in a Structural Gravity Model
2021
This article has benefited from very helpful comments from two anonymous reviewers and the Academic Editor Inmaculada Martinez. The authors would like to acknowledge the financial support from Junta de Andalucia (SEJ 413), from Generalitat Valenciana (GV Prometeo 2018/102 and GV/2020/012), the Spanish Ministry of Science, Innovation and Universities (RTI2018-100899-B-I00, co-financed with FEDER), and the Kellogg Institute for International Studies (University of Notre Dame).
Los márgenes del crecimiento de las exportaciones españolas antes y después de la Gran Recesión
2019
espanolDespues de la Gran Recesion de 2008-2009, la evolucion de las exportaciones espanolas ha sido positiva. Algunos analistas atribuyen este comportamiento al incremento de la base exportadora. Para validar esta hipotesis, realizamos una descomposicion del crecimiento de las exportaciones espanolas por margenes en el periodo 1997-2015. Los datos muestran que la contribucion de la base exportadora ha disminuido paulatinamente durante todo el intervalo analizado, incluso en el periodo posterior a la Gran Recesion. Ademas, la evolucion de la base exportadora se caracteriza por una caida paulatina tanto de la tasa de supervivencia de las empresas entrantes como del valor por transaccion de l…
COMPLEMENTARITY BETWEEN LOCAL KNOWLEDGE AND INTERNATIONALIZATION IN REGIONAL TECHNOLOGICAL PROGRESS
2006
Trade, foreign direct investment, and inter-regional R&D spillovers facilitate competition, the spread of knowledge, and the adoption of more advanced technologies, which in turn hastens total factor productivity (TFP) growth. The spread of these efficiency gains from internationalization requires a sufficient local knowledge to enable them to be adapted to the domestic productive environment. Thus, higher local knowledge and internationalization will lead to TFP growth, and the greater the complementarity between variables the higher the TFP growth. We test the complementarity hypothesis using Spanish regional data over the period 1980–1995 in which both regional local knowledge and intern…
Export markets: substitutes, complements, or independent?
2020
Using a large sample of export transactions in Spain over the period 2010–2017, we explore whether firms treat export markets as substitutes, complements, or independent. We find that an exogenous ...
The Variation of Export Prices Across and within Firms
2016
This paper uses transaction-level trade data to analyse the differences in export prices across and within Spanish manufacturing firms in the year 2014. The transactional nature of the database uncovers sizable differences in the price that an exporter charges for the same product and destination. These differences are related to the number of goods covered within each product category, volume discounts and vertically differentiated varieties. Export prices are positively correlated with firms’ productivity, destination markets’ GDP per capita and distance to Spain. These latter results suggest that Spanish exporters compete in quality.
Estimating the gravity equation with the actual number of exporting firms
2013
Para estimar correctamente el efecto de los costes de comerciar sobre las exportaciones de las empresas, la ecuación de gravedad debe controlar por el número de empresas que opera en el mercado internacional. Debido a la ausencia de datos, estudios anteriores han controlado esta variable mediante técnicas econométricas que también pueden generar estimaciones sesgadas. Para superar estos problemas este trabajo estima una ecuación de gravedad utilizando una nueva base de datos de la OCDE y EUROSTAT , que incluye el número de empresas exportadoras en cada relación bilateral. Nuestros resultados muestran que no controlar el margen extensivo genera sesgos muy importantes en la estimación de los …
Immigration, factor endowments and the productive structure of Spanish regions, 1996-2005.
2012
The participation of immigrants in the Spanish labour market has increased from less than 3% in 1996 to more than 13% in 2005. The factor proportion model of production was used to examine the impact of such a large labour supply shock on the industrial structure of Spanish regions. The results confirm that, first, labour endowment differences across regions help to explain the regional patterns of industry specialization. Second, immigrants and natives act as complementary factors in most industries. Third, the importance of immigration is relatively small compared with production technique changes and idiosyncratic industry changes in explaining the overall changes in industrial structure. …
Does complexity explain the structure of trade?
2013
This paper analyzes whether complexity, measured by the number of skilled tasks that are performed in production, explains countries commodity trade structure. We modify the Romalis ( ) model to incorporate advantage differences in complexity across commodities together with differences in the number of mistakes made by workers in the production process in developed and developing countries as a source of comparative advantage. Our model predicts that the share of developed countries in world trade increases with products complexity. Empirical tests confirm this prediction. Moreover, we find that complexity complements the explanation provided by skillintensity on countries commodity trade …
International trade and migrant networks: Is It really about qualifications?
2014
Personal characteristics of migrants could help to strengthen the impact of migrant networks on bilateral trade. While most of the attention has been focused on immigrants' educational attainment, this paper focuses on the relevance of the tasks carried out by migrants. Our empirical results confirm that the existence of a large number of foreign-born workers with managerial duties is critical to explain the reduction of transaction costs caused by migrant networks.
New exporters benefit more from information spillovers
2019
Using the universe of Spanish export transactions over 2000–2012, this paper explores empirically whether the choice of destinations among experienced and new exporters is affected by the number an...
Why firms set different export prices? Evidence from Spain
2018
Using firm-level export data for the 2010–2014 period, we investigate the variation of export prices across and within Spanish manufacturing firms. We find that more productive firms set higher exp...