caa a22 4500 445859237 CHVBK 20180317145437.0 cr unu---uuuuu 170323e20111101xx s 000 0 eng 10.1007/s10290-011-0104-z doi (NATIONALLICENCE)springer-10.1007/s10290-011-0104-z Riaño Alejandro University of Nottingham, GEP and CESifo, Sir Clive Granger Building, NG7 2RD, Nottingham, UK aut Exports, investment and firm-level sales volatility [Elektronische Daten] [Alejandro Riaño] This paper presents a dynamic model of risk-averse producers' decision to invest in physical capital and to export. The model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration exercise. Counterfactual experiments show that large adjustments in total sales associated with entry into foreign markets increase the volatility of total sales for exporting firms. Kiel Institute, 2011 Exports nationallicence Investment nationallicence Uncertainty nationallicence Review of World Economics Springer-Verlag 147/4(2011-11-01), 643-663 1610-2878 147:4<643 2011 147 10290 https://doi.org/10.1007/s10290-011-0104-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10290-011-0104-z text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Riaño Alejandro University of Nottingham, GEP and CESifo, Sir Clive Granger Building, NG7 2RD, Nottingham, UK aut NATIONALLICENCE 773 0- Review of World Economics Springer-Verlag 147/4(2011-11-01), 643-663 1610-2878 147:4<643 2011 147 10290 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer