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Networks and the dynamics of firms’ export portfolio
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Networks and the dynamics of firms’ export portfolio

Author

Listed:
  • Juan de Lucio

    (Banco de España)

  • Raúl Mínguez

    (Cámara de España)

  • Asier Minondo

    (Deusto Business School)

  • Francisco Requena

    (University of Sheffield)

Abstract

We use network-analysis tools to identify communities in the web of exporters' destinations. Our network-based community measure is purely outcome-based; it captures multilateral rather than bilateral dependence across countries; and it can be calculated at the industry level. We next use our network-based community measure as a predictor of additional countries chosen by firms expanding their export destinations portfolios. Using data on new Mexican exporters, the probability of choosing a new export destination doubles if it belongs to the same community of any of the firm’s previous destinations. The introduction of the network-based community variable improves the accuracy of the model by up to 19% relative to a model that only includes gravity variables. Industry-specific communities and general communities play similar roles in determining the dynamics of Mexican exporters' country portfolios.

Suggested Citation

  • Juan de Lucio & Raúl Mínguez & Asier Minondo & Francisco Requena, 2015. "Networks and the dynamics of firms’ export portfolio," Working Papers 1513, Banco de España.
    • Handle: RePEc:bde:wpaper:1513
    as

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    File URL: http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/15/Fich/dt1513e.pdf
    File Function: First version, June 2015
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    References listed on IDEAS

    as
    1. Juan S. Mora-Sanguinetti & Nuno Garoupa, 2015. "Litigation in Spain 2001-2010: Exploring the market for legar services," Working Papers 1505, Banco de España.
    2. Juan Lucio & Raúl Mínguez & Asier Minondo & Francisco Requena, 2016. "Networks and the Dynamics of Firms' Export Portfolio: Evidence for Mexico," The World Economy, Wiley Blackwell, vol. 39(5), pages 708-736, May.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Luis Fernandez & Gonzalo De Cadenas Santiago, 2017. "The Network View: applications to international trade and bank exposures," Working Papers 17/02, BBVA Bank, Economic Research Department.

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    More about this item

    Keywords

    export market; network analysis; modularity; extended gravity; Mexico.;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade

    NEP fields

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