The Effect of Exporting on Creative Destruction and a Plant's Average Product Characteristics in Japan and Korea
- Authors
- Hahn, C.H.; Ito, K.
- Issue Date
- Sep-2020
- Publisher
- Blackwell Publishing Ltd
- Keywords
- Creative destruction; Exporting; Introduction of new products; Propensity score matching
- Citation
- Developing Economies, v.58, no.3, pp.195 - 226
- Journal Title
- Developing Economies
- Volume
- 58
- Number
- 3
- Start Page
- 195
- End Page
- 226
- URI
- https://scholarworks.bwise.kr/gachon/handle/2020.sw.gachon/78176
- DOI
- 10.1111/deve.12247
- ISSN
- 0012-1533
- Abstract
- This paper examines whether exporting activity contributes to the promotion of creative destruction and the upgrading of a plant's product portfolio. We first present evidence that exporters tend to produce, on average, products with higher attributes than non-exporters. Next, we find evidence that exporting improves a plant's average product attributes, utilizing the propensity score difference-in-difference matching technique. Further examination of the mechanism reveals that the positive effect of exporting on a plant's average product attributes is more likely to be realized through its effect of adding higher-attribute products, a key feature of creative destruction within a firm, rather than through share changes among continuously produced products. The results suggest that exporting might have contributed to the sustained economic growth of Japan and Korea by promoting creative destruction. © 2020 Institute of Developing Economies
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