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1、PRODUCTIVITY,QUALITYANDEXPORTBEHAVIOUR(Pagehead:Productivity,QualityandExportBehaviour)RosarioCrinòandPaoloEpifaniFebruary2012AbstractWe…ndarobustnegativecorrelationbetweenItalian…rms’productivityandtheirexportsharetolow-incomedestinations.Toaccountforthissurprisingfact,wemarryVerhoogen
2、(2008)withEatonetal.(2011),byintroducing…rmheterogeneityinproductqualityandcountryhet-erogeneityinqualityconsumptioninaframeworkfeaturing…rm-andmarket-speci…cshocksinentrycostsanddemand,andstructurallyestimatethemodel’sparametersbythesimulatedmethodofmoments.Theestimatedpreferenceforqual
3、ityturnsouttobemonotonicallyin-creasinginforeigndestinations’income.Themodelalsopredictsanegativecorrelationbetween…rms’R&Dintensityandtheirexportsharetolow-incomedestinations,a…ndingsupportedbyourdata.Overall,ourresultsstronglysuggesthigh-quality…rmstoconcentratetheirsalesinhigh-incomem
4、arkets.Inthispaper,westudyhowtheinterplaybetween…rmandforeignmarketcharacteristicsa¤ectskeyaspectsofexportbehavior.OurcontributionismotivatedbysomenewandperhapssurprisingCorrespondingauthor:PaoloEpifani,DepartmentofEconomics,UniversitàCommercialeLuigiBocconi,ViaRöntgen1,20136,Milano,Ita
5、ly.Email:paolo.epifani@unibocconi.it.Thepaperhasbene…tedenormouslyfromthecommentsofthreeanonymousreferees.WealsothankFranciscoAlcalá,CarloAltomonte,ElisaBorghi,BrunoCassiman,DavideCastellani,LucaDeBenedictis,AnnaFalzoni,SamuelKortum,CrtKostevc,MarcoLeonardi,MarcMuendler,MarcellaNicolini,
6、FabrizioOnida,GianmarcoOttaviano,LucaSala,DanielTre‡er,JaumeVentura,EricVerhoogen,FredericWarzynskiandseminarparticipantsatmanyvenuesforcommentsanddiscussions.Allerrorsareourown.Wegratefullyacknowledge…nancialsupportfromUnicreditBanca,CentroStudiLucad’Agliano,PaoloBa¢CentreonCentralBanki
7、ngandFinancialRegulation,theFIRBproject“InternationalFragmentationofItalianFirms.NewOrganizationalModelsandtheRoleofInformationTechnologies”(ItalianMinistryofEducation,UniversityandResearch)andtheEFIGEproject(EuropeanCommissionFP7,N.225551).RosarioCrinògratefullyacknowled
