Examinando por Autor "Minondo, Asier"
Mostrando 1 - 20 de 32
Resultados por página
Opciones de ordenación
Ítem Análisis de competitividad de las exportaciones: un nuevo enfoque shift-share(Ministerio de Economía, Comercio y Empresa: Secretaría de Estado de Comercio, 2009-12-31) Esteve Pérez, Silviano; Minondo, Asier; Pallardó López, Vicente Juan; Requena Silvente, FranciscoEste trabajo utiliza un método de shift-share como herramienta para analizar la evolución de la competitividad exterior de una economía. Frente a otros indicadores tradicionales de competitividad (cuota de mercado, índice de ventaja comparativa revela-da), este método ofrece una perspectiva dinámica para la evaluación de la competitividad exterior y permite descender desde niveles agregados (sectores) hasta productos específicos, identificando de este modo el origen de las ventajas-desventajas competitivas de una economía. Se presenta una aplicación para el sector de manufacturas del metal de la Comunidad Valenciana en el período 1996-2006. De este modo se identifican, en el sector referido, los subsectores y productos en los que esta comunidad autónoma obtuvo una ganancia de competitividad.Ítem Are family firms’ export relationships more persistent?(Elsevier Ltd, 2025-03) Aragón Amonarriz, Cristina; Iturrioz Landart, Cristina; Mínguez, Raúl; Minondo, Asier; Requena Silvente, FranciscoThis paper examines the persistence of family firms’ international relationships. We theoretically argue how socioemotional wealth's gains and losses balancing process supported by network closure allows family firms to develop more persistent relationships with their foreign partners than their non-family counterparts. Our study empirically tests this hypothesis and confirms that export relationship survival is higher in family firms than in their non-family counterparts. We further show that this difference is magnified during economic crises or when operating in culturally distant markets.Ítem The border effect on mergers and acquisitions(Springer Science and Business Media Deutschland GmbH, 2022-03) Carril Caccia, Federico; Garmendia-Lazcano, Aitor; Minondo, AsierUsing a firm-level dataset of more than 500,000 domestic and cross-border mergers and acquisitions (M&As) for 95 countries during the period 1995–2015, we measure the level and evolution of the border effect on M&As. We find that the number and value of M&As between same-country firms are five times larger than between firms of different countries. We show that the border effect on the number and value of M&As remained constant during the period. The border effect on M&As in the European Union is substantially lower than elsewhere. We find that the border effect is lower for large investors and firms operating in the primary industry and utilities.Ítem Características de las pymes exportadoras de bienes(Ministerio de Economía, Comercio y Empresa, Secretaría de Estado de Comercio, Servicio de Publicaciones , 2014) Lucio Fernández, Juan José de; Mínguez, Raúl ; Minondo, Asier; Requena Silvente, FranciscoLa empresa es el elemento fundamental en la internacionalización de la economía. El estudio desde la perspectiva empresarial de las ventas al exterior proporciona nuevas dimensiones al análisis del sector exterior. En comparación con las empresas de mayor dimensión, las pymes son menos competitivas por su menor capacidad de acceso a mercados, inferior productividad, y sus volúmenes de exportación son más reducidos. Las empresas regulares en la exportación son el sustento de las ventas al exterior por su mayor tamaño relativo y competitividad. En España, la elevada dependencia de la economía de las empresas de menor dimensión puede dificultar el mantenimiento del favorable comportamiento observado por las exportaciones en el período 2011-2013: a pesar de que las pymes han aumentado mucho su presencia en la exportación tienen dificultades de permanencia y volúmenes de comercio menores, con lo que el impacto agregado sobre las ventas al exterior es reducido.Ítem Comercio internacional y crisis económica: un análisis microeconómico para España(Ministerio de Economía, Comercio y Empresa, Secretaría de Estado de Comercio, Servicio de Publicaciones, 2011-02-28) Lucio Fernández, Juan José de; Mínguez, Raúl; Minondo, Asier; Requena Silvente, FranciscoEste trabajo utiliza microdatos de empresa para analizar si el colapso de las exportaciones españolas durante la crisis económica se ha debido a cambios en el número de empresas exportadoras y de relaciones comerciales (ambos efectos conforman el margen extensivo), o a cambios en el valor de las relaciones comerciales ya existentes (el margen intensivo). Nuestros resultados muestran que el margen intensivo ha sido el gran responsable de la reducción de las exportaciones. Además, esta reducción se ha concentrado en las empresas exportadoras más grandes. A partir de esta información, es posible establecer hipótesis sobre el comportamiento futuro de las exportaciones españolas en función de la evolución de las condiciones de demanda de los principales socios comerciales.Ítem Comments are welcome(Springer Science and Business Media B.V., 2022-01-27) Minondo, AsierScholars present their new research at seminars and conferences and send drafts to peers in hopes of receiving comments and suggestions that will improve the quality of their work. Using a dataset of projects that were initiated when authors were doing their doctoral studies, this article measures how much peers’ individual and collective comments improve the quality of research. Controlling for the quality of the research idea and author, I find that a one-standard-deviation increase in the number of peers’ individual and collective comments is associated with a 43% increase in the quality of the journal in which the project is published.Ítem Do firms react to supply chain disruptions?(Elsevier B.V., 2023-09) Lucio Fernández, Juan José de ; Díaz Mora, Carmen; Mínguez, Raúl ; Minondo, Asier ; Requena Silvente, FranciscoSince the outbreak of the Covid-19 pandemic, the disruption of supply chains has become a major concern for global firms. This article uses a representative sample of Spanish manufacturers that participate in global value chains to analyze whether firms are implementing strategies to respond to this concern. Using data for the period 2017–2022, we find that, on average, manufacturers have not increased the number of countries from which they source their input since the Covid-19 pandemic. Firms have not either shifted their imports to countries that are geographically and geopolitically close to Spain, and have not reshored imports. However, firms have significantly increased the stock of intermediates. Firms only diversify when they have one supplier, export to many destinations, and the imported input has a high risk of experiencing a supply chain disruption. Firms nearshore and friendshore when their main supplier is geographically distant.Ítem Dos desplomes de las exportaciones españolas: crisis sanitaria vs. crisis financiera(Fundación de las Cajas de Ahorros (FUNCAS), 2020) Lucio Fernández, Juan José de; Mínguez, Raúl; Minondo, Asier; Requena Silvente, FranciscoLa caída de las exportaciones españolas durante los meses de marzo a junio de 2020, en el periodo que llamaremos “confinamiento”, ha sido mayor que la observada durante esos mismos meses en 2009, en el periodo que denominaremos “colapso”. Este trabajo presenta un análisis comparativo del comportamiento de las exportaciones españolas de bienes durante esos dos períodos. En ambos casos, la reducción de la exportación viene explicada por un descenso en el valor de las ventas al exterior de las relaciones comerciales estables. Sin embargo, ha habido un mayor deterioro de la cartera de diversificación de productos y destinos y una mayor tasa de salida de empresas durante el confinamiento, lo que hace más difícil una recuperación como la observada tras el colapso, si la situación de incertidumbre se prolonga excesivamente.Ítem El efecto del outsourcing en la industria manufacturera española en su demanda relativa de trabajadores cualificados(Ministerio de Industria, Energía y Turismo, 2009-04) Rubert, Gloria; Minondo, AsierEste artículo analiza el efecto del outsourcing de la industria manufacturera española en su demanda relativa de cualificaciones. Por primera vez en la literatura se considera por separado el efecto del outsourcing a países desarrollados y el de los países en vías de desarrollo. Tal y como cabía esperar a nivel teórico, se obtiene que existe una relación directa entre el outsourcing a países en vías de desarrollo y una mayor demanda relativa de trabajadores cualificados. Sin embargo, sorprendentemente el outsourcing a los países desarrollados también tiene un efecto positivo sobre la demanda relativa de trabajadores cualificados. Dicho resultado indica que tal vez deban ser replanteadas las conclusiones obtenidas por los estudios previos en los que no se realizaba tal distinción.Ítem Estimating the gravity equation with the actual number of exporting firms(Universidad de Chile, Departamento de Economía, 2013-06) Minondo, Asier ; Requena Silvente, FranciscoTo estimate correctly the effect of variable trade costs of firms' exports, the gravity equation should control for the lumber of firms that participate in foreign markets. Due to the absence of these data, previous studies control for this omitted variable using econometric strategies that may also lead to inconsistent estimates. To overcome this problem the present paper estimates a gravity equation using a new database compiled by the OECD and EUROSTAT that reports the number of exporting firms by reporter and partner country. We show that not controlling for the extensive margin of trade introduces very serious biases in the estimated trade cost coefficients.Ítem Exporters of knowledge-intensive business services in Basque Country(Gobierno Vasco = Eusko Jaurlaritza, Departamento de Economía, Trabajo y Empleo = Ekonomia, Lan eta Enplegu Saila, 2016) Minondo, AsierEste trabajo analiza las características de las empresas exportadoras entre las empresas de servicios intensivas en conocimiento (KIBS) del País Vasco. El trabajo muestra que el porcentaje de empresas exportadoras en KIBS es superior al de otros servicios, pero inferior al de manufacturas. Los exportadores de KIBS tienen una menor intensidad exportadora que los manufactureros y las exportaciones están menos concentradas por empresa. Las empresas KIBS que exportan son más grandes que las no exportadoras en ventas, empleo, productividad del trabajo y salarios por empleado. Comparado con las empresas manufactureras, el premio exportador de las KIBS es especialmente importante en el salario por trabajador, sugiriendo que la calidad del servicio es un factor clave para estar presente en los mercados exteriores.Ítem Exporters' characteristics and the margins of trade(Universidad de Oviedo, 2012-07-02) Minondo, Asier; Requena Silvente, FranciscoThis paper investigates the influence of exporting countries' characteristics on the number of exporters (extensive margin) and the average exports value per firm (intensive margin). For that purpose, we use a new database compiled by the OECD and Eurostat in the year 2005, which allows the calculation of trade margins in bilateral relationships involving a large number of exporting and importing countries. We find that there is almost a one-to-one relationship between exporters' GDP and the number of firms that participate in export markets. This proportionality remains when we decompose GDP into an employment component and a labor productivity component. Our results also show that exporters' labor productivity is positively linked with the intensive margin of exports.Ítem Exporters' reaction to positive foreign demand shocks(John Wiley and Sons Inc, 2023-09) Minondo, AsierI use the quasi-natural experiment of the 2018 African swine fever (ASF) outbreak in China to analyze swine exporters' reaction to a foreign market's positive demand shock. I use the universe of Spanish firms' export transactions to China and other countries and compare the performance of swine and other exporters before and after the ASF. The ASF almost tripled Spanish swine exporters' sales to China. The increase in exports to China positively impacted export revenue and survival in other foreign markets. This positive impact was especially intense for small swine exporters.Ítem Exposure to Chinese imports andlocal labor market outcomes An Analysis for Spanish provinces(Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales, ICEI, 2014) Donoso Donoso, Vicente; Martín Barroso, Víctor; Minondo, AsierIn the period 1999-2007 Spanish imports from China multiplied by six, making that Asian country the fourth largest supplier to the Spanish economy. In this paper, we analyse whether this massive increase in imports impacted on the labour markets of Spanish provinces to differing degrees, due to differences in their initial productive specialization. Our results show that Spanish provinces with a higher exposure to Chinese imports experienced larger drops in manufacturing employment as a share of the working-age population. However, this reduction was compensated for by increases in non-manufacturing employment.Ítem Ganancias de bienestar por nuevas variedades importadas: evidencia para España, 1988-2006(Ministerio de Economía, Comercio y Empresa, Secretaría de Estado de Comercio, 2011-12-31) Minondo, Asier; Requena Silvente, FranciscoEste trabajo investiga las ganancias de bienestar a través de las importaciones españolas de nuevas variedades entre 1988 y 2006 usando la metodología propuesta por Feenstra (1994) y Broda y Weinstein (2006). Después de calcular la elasticidad de sustitución para un gran número de productos importados, estimamos que la ganancia de bienestar asociada a la proliferación de variedades importadas en España es equivalente al 1,2 por 100 del PIB de 2006. A continuación descomponemos la contribución que tiene cada país exportador a dicha ganancia de bienestar. China aparece como el país más importante con una contribución cercana al 12 por 100, casi la misma que todo el conjunto de la UE-15.Ítem The granular and fundamental components of export specialization(Universidad Pablo de Olavide, 2017) Lucio Fernández, Juan José de ; Minondo, Asier ; Requena Silvente, Francisco ; Mínguez, RaúlWe propose an easy-to-implement methodology to determine the contribution of fundamental comparative advantage (a country-specific component) and granular comparative advantage (a firm-specific component) to export specialization. We apply this methodology to analyze export specialization across countries and across regions within a country. In the country-level analysis, we find that, on average, granular comparative advantage leads to export specialization in 29% of industries, which account for 47% of total exports. We also show that 60% of the variation in export specialization across countries is explained by granular comparative advantage. The contribution of granularity to export specialization is more important across regions within a country than across countries.Ítem The granularity of Spanish exports(Asociación Española de Economía, 2017-07-05) Lucio Fernández, Juan José de ; Mínguez, Raúl ; Minondo, Asier ; Requena Silvente, FranciscoUsing data for all exporters, we show that it is a small group of firms that dominate exports in Spain. For example, in 2015 the top 200 firms were responsible for half of Spanish exports. This concentration has not changed substantially over the 1997–2015 period. The dominance of a few firms, a phenomenon denoted as granularity, also defines the specialization of Spanish exports. If top exporters disappeared, Spain would lose its revealed comparative advantage in 60% of industries, which account for 45% of all Spanish exports. Finally, granularity explains around one-third of the growth in Spanish exports.Ítem How exporters neutralised an increase in tariffs(John Wiley and Sons Inc, 2024-03) Minondo, AsierI use the unanticipated and large additional tariffs the US imposed on European Union products due to the Airbus-Boeing conflict to analyse how exporters reacted to a change in trade policy. Using firm-level data for Spain and applying a difference-in-differences methodology, I show that the export revenue in the US of the firms affected by the tariff hike did not significantly decrease relative to the one of other Spanish exporters to the US. I show that Spanish exporters were able to neutralise the increase in tariffs by substituting Spanish products with products originated in countries unaffected by tariffs and shifting to varieties not affected by tariffs. My results show that tariff avoidance is another margin exporters can use to counteract the effects of a tariff hikeÍtem How top exporters compete?: evidence from Spain(Ediciones de la Universidad de Oviedo, 2018-07-09) Lucio Fernández, Juan José de; Mínguez, Raúl ; Minondo, Asier ; Requena Silvente, FranciscoThis paper analyzes whether top exporters follow a cost-based or a quality-based strategy. Using Spanish firm-level export data for 2016, we show that firms that set lower export prices have larger export revenues. We also find that exporters obtain larger revenues from their low-price products than from their high-price products. Some results suggest that the negative effects of a higher export price on export revenues can be attenuated if firms export goods that provide scope for quality-differentiation.Ítem Impact of Covid-19 containment measures on trade(Elsevier Inc., 2022-03-16) Lucio Fernández, Juan José de; Mínguez, Raúl; Minondo, Asier; Requena Silvente, FranciscoCombining Spanish firm-level monthly trade data with country-level Covid-19 containment measures over February–July 2020, we show that the value of exports decreased more in destinations that introduced strict containment measures, whereas the value of imports remained unaffected. Strict containment measures in a partner country increased the probability of a firm ceasing to trade with it. Negative effects were concentrated between March and May 2020. The detrimental effect of containment on exports was larger in destinations where the share of jobs that could be done remotely was low, for goods consumed outside the household, for wholesalers and retailers, and for manufacturers not participating in global value chains.