@article{Altomonte:54170,
      recid = {54170},
      author = {Altomonte, Carlo and Bekes, Gabor},
      title = {Trade Complexity and Productivity},
      address = {2009-10},
      number = {831-2016-55347},
      series = {GC},
      pages = {37},
      year = {2009},
      abstract = {We exploit a panel dataset of Hungarian firms merged with  product-level trade data for the period 1992-2003 to  investigate the relation between firms' trading activities  (importing, exporting or both) and productivity. We find  important self-selection effects of the most productive  firms induced by the existence of heterogeneous sunk costs  of trade, for both importers and exporters. We relate these  sunk costs of trade to the relationship-specific nature of  the trade activities, entailing a certain degree of  technological and organizational complexity. We also show  that, to the extent that imports and exports are correlated  within firms, failing to control for the importing activity  leads to overstated average productivity premia of  exporters.},
      url = {http://ageconsearch.umn.edu/record/54170},
      doi = {https://doi.org/10.22004/ag.econ.54170},
}