Scandinavian Working Papers in Economics
Working Paper Series in Economics and Institutions of Innovation,
Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies
No 353: Is Export Diversification good for Profitability? First Evidence for Manufacturing Enterprises in Germany
Joachim Wagner ()
Additional contact information
Joachim Wagner: Leuphana University Lueneburg and CESIS, Stockholm, Postal: Institute of Economics, PO Box 2440, D-21314 Lueneburg, , Germany
Abstract: This paper uses a tailor-made newly available data set for enterprises from manufacturing industries in Germany to investigate for the first time the links between export diversification over destination countries and goods on the one hand and the profitability of the exporting firms on the other hand. We find that profits tend to be larger in firms with less diversified export sales over goods and in firms with more diversified export sales over destination countries.
Keywords: Exports; diversification; profitability; Germany
JEL-codes: F14
19 pages, March 25, 2014
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