Dynamics in European exports in times of crisis: the impact on growth at home and abroad

While the financial crisis of 2008-2009 led to the great collapse of international trade, the European debt crisis in 2010-2013 did not have such a drastic impact on trade. The collapse has been studied a lot in recent empirical literature, but the European debt crisis has not been investigated thoroughly yet. This paper looks into the impact of economic growth in European exporters and in their export destination markets on export performance as reflected in total export growth and growth in various export margins. Our findings point to an important role for both demand and supply side factors

The Great Trade Collapse and the determinants of UK export margins: a cohort‐ and firm‐level matching approach

This paper uses a detailed dataset of UK firms between 2005-16, to investigate how export participation and export values were affected by the 2008 crisis and particularly the post-crisis recovery period. Viewing the post-crisis period as a treatment compared to before the crisis, we compare firm export propensity and export values using a propensity score matching approach. We conclude that the underlying relationships between size, productivity, creditworthiness and exports remained remarkably consistent throughout the period. After correcting for TFP and credit scores, we find relatively constant export propensity across the whole time period, except for younger firms in services industries, whose export propensity increased. Our results suggest that the slowdown in trade in this period has not been attributable to a change in underlying firm export behaviour