caa a22 4500 445859210 CHVBK 20180317145437.0 cr unu---uuuuu 170323e20111101xx s 000 0 eng 10.1007/s10290-011-0106-x doi (NATIONALLICENCE)springer-10.1007/s10290-011-0106-x Exploring the duration of EU imports [Elektronische Daten] [Wolfgang Hess, Maria Persson] The objective of this paper is to perform an empirical description and analysis of the duration of EU imports from the rest of the world. Toward this aim, we employ a rich data set of detailed imports to individual EU-15 countries from 140 non-EU exporters, covering the period 1962-2006. Using these data, we both perform a thorough descriptive analysis of the duration of EU trade, and test the data in a regression analysis, using discrete-time duration models with proper controls for unobserved heterogeneity. Some interesting empirical findings emerge in our analysis. First, we find that EU imports from the rest of the world are very short-lived. The median duration of EU imports is merely 1year. Moreover, almost 60% of all spells cease during the first year of service, and less than 10% survive the first 10years. Second, we find that short duration is a persistent characteristic of trade throughout the extended time period that we study. Third, we find a set of statistically significant determinants of the duration of trade. Among the more interesting determinants is export diversification, which—both in terms of the number of products exported and the number of markets served with the given product—substantially lowers the hazard of trade flows dying. For instance, exporting a particular product to ten rather than one EU markets increases the probability of surviving the first year of trade in any given trade relationship by as much as 31 percentage points (from 33 to 64%). Kiel Institute, 2011 Duration of trade nationallicence Survival nationallicence European Union nationallicence Discrete-time hazard models nationallicence Hess Wolfgang Department of Economics and Centre for Economic Demography, Lund University, Lund, Sweden aut Persson Maria Department of Economics, Lund University, Lund, Sweden aut Review of World Economics Springer-Verlag 147/4(2011-11-01), 665-692 1610-2878 147:4<665 2011 147 10290 https://doi.org/10.1007/s10290-011-0106-x text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10290-011-0106-x text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Hess Wolfgang Department of Economics and Centre for Economic Demography, Lund University, Lund, Sweden aut NATIONALLICENCE 700 1- Persson Maria Department of Economics, Lund University, Lund, Sweden aut NATIONALLICENCE 773 0- Review of World Economics Springer-Verlag 147/4(2011-11-01), 665-692 1610-2878 147:4<665 2011 147 10290 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer