Examinando por Autor "Requena Silvente, Francisco"
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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 Asylum migration, borders, and terrorism in a structural gravity model(Cogitatio Press, 2021-10-28) Carril Caccia, Federico; Paniagua Soriano, Jordi; Requena Silvente, FranciscoIn this article, we examine the impact of terrorist attacks on asylum‐related migration flows. So far, the literature that examines the “push factors” such as terrorism that explain forced migration has omitted the fact that the vast majority of people forced to flee typically do so toward other locations within the country. The novel feature of our research is the estimation of a structural gravity equation that includes both international migration and internally displaced persons (IDP), a theoretically consistent framework that allows us to identify country‐specific variables such as terror attacks. For that purpose, we use information on the number of asylum applications, the number of IDP, and the number of terrorist attacks in each country for a sample of 119 origin developing countries and 141 destination countries over 2009–2018. The empirical results reveal several interesting and policy‐relevant traits. Firstly, forced migration abroad is still minimal compared to IDP, but globalization forces are pushing up the ratio. Secondly, terror violence has a positive and significant effect on asylum migration flows relative to the number of IDP. Thirdly, omitting internally displaced people biases downward the impact of terrorism on asylum applications. Fourthly, we observe regional heterogeneity in the effect of terrorism on asylum migration flows; in Latin America, terrorist attacks have a much larger impact on the number of asylum applications relative to IDP than in Asia or Africa.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 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.Ítem Impacto sobre la economía española de un desacoplamiento de la Unión Europea con China(Ministerio de Economía, Comercio y Empresa, Secretaría de Estado de Comercio, 2025-06-30) Lucio Fernández, Juan José de; Mínguez, Raúl; Minondo, Asier; Requena Silvente, FranciscoEste trabajo utiliza un modelo cuantitativo de comercio internacional de equilibrio general para evaluar el impacto sobre el comercio y el bienestar de un hipotético desacoplamiento comercial entre la Unión Europea y China. Un desacoplamiento total reduciría el nivel de bienestar de España, medido en términos de renta per cápita de 2022, en un –0,82 %. Las exportaciones totales descenderían un –3,76%. Un 20% del desacoplamiento total reduciría el bienestar en –0,40%. En el caso de un desacoplamiento unilateral sin represalias, la Unión Europea sufriría más que China. Imponer solamente barreras a los insumos intermedios tendría un impacto mayor sobre el comercio y el bienestar que imponer barreras solamente a los bienes finales.Ítem The importance of the top exporter in regional exports(Asociación Española de Ciencia Regional, 2023-11-02) Lucio Fernández, Juan José de ; Mínguez, Raúl; Uribe Etxeberria, Asier Minondo ; Requena Silvente, FranciscoEste trabajo examina la importancia de la principal empresa exportadora de cada provincia española a lo largo del periodo 1998-2018. Los resultados son: (1) el principal exportador concentra en promedio el 20% de las exportaciones de una provincial cada año; (2) estas empresas contribuyen significativamente al crecimiento total de las exportaciones de su provincial hasta alcanzar la primera posición; (3) las perturbaciones idiosincrásicas que experimenta el principal exportador explican las fluctuaciones en el crecimiento de las exportaciones agregadas de la mayoría de provincias españolas.Ítem The negative impact of disintegration on trade: the case of Brexit(Elsevier B.V., 2024-04) Lucio Fernández, Juan José de; Mínguez, Raúl; Minondo, Asier; Requena Silvente, FranciscoUsing firm-level export and import transactions and by applying an event study methodology, we quantify the impact of the UK's withdrawal from the EU's single market and customs union on Spain–UK trade flows. We find that Spanish exports and imports to the UK decreased by 24% and 27%, respectively, compared to the period before the Brexit referendum. The probability of Spanish exporters and importers starting a trade relationship with the UK decreased and the probability of ending one increased. Products subject to sanitary and phytosanitary measures, stringent rules of origin, and whose technical standards had not been harmonized before disintegration experienced a stronger decline in trade flows. Large firms faced a more severe decrease in exports than small ones after disintegrationÍtem Networks and the disappearance of the intranational home bias(Elsevier B.V., 2012-08) Garmendia-Lazcano, Aitor; Llano, Carlos; Minondo, Asier; Requena Silvente, FranciscoPrevious studies have shown that, not only countries, but also regions have a preference to trade within their administrative borders. Using unique trade flows data, we also find a large home bias in Spanish intranational trade. However, we show that this home bias tends to disappear once we take into account the higher density of social and business networks within regions than between regions. We also find that the home bias does not disappear if intranational trade flows are measured in quantity rather than value. This fact might explain why previous studies on other European countries still find an intranational home bias, even when network effects are taken into account.Ítem Spillovers de exportación y supervivencia exportadora en España(Ministerio de Economía, Comercio y Empresa, Secretaría de Estado de Comercio, 2020-12-18) Esteve Pérez, Silviano; Requena Silvente, Francisco; Lucio Fernández, Juan José de; Mínguez, Raúl; Minondo, AsierUtilizando datos de empresas manufactureras exportadoras españolas, este trabajo investiga si la presencia de empresas que exportan de forma regular un producto a un país ayuda a otras empresas en la misma provincia que empiezan a exportar a mantener relaciones de exportación más duraderas. Nuestros resultados muestran que: (i) la tasa de supervivencia de las nuevas empresas exportadoras es mayor en las relaciones de exportación definidas a nivel de provincia-producto-destino cuando hay presencia de al menos un exportador regular en la misma provincia; (ii) cuando hay más de 10 exportadores regulares en la misma provincia, el impacto positivo se incrementa significativamente; y, (iii) el efecto positivo de la concentración de exportadores regulares es específico al nivel provincia-producto-destino puesto que el impacto es menor o no existe a nivel provincia-producto, provincia-industria o provincia-destino.Ítem Top exporters and regional export specialization(American Institute of Mathematical Sicences-AIMS, 2024-12-18) Lucio Fernández, Juan José de; Mínguez, Raúl; Minondo, Asier; Requena Silvente, FranciscoWe examined the role of top exporters in sub-national export specialization using Spanish firm-level export data at the province (NUTS 3) level. Our results show that, on average, 28% of aggregate exports in each province are in sectors where the top exporter determines the revealed comparative advantage (RCA). Moreover, provinces with sectors where the top exporter determines the RCA exhibit a more unstable pattern of export specialization over time. This result suggests that the characteristics and strategies of large firms may affect regional specialization patterns.