I am a PhD Candidate at UCLA’s Anderson School of Management. In my current research, I study price and quality patterns of multiple-product exporters.
FIELDS OF INTEREST
WORKING PAPERS AND WORK IN PROGRESS
Featured: NBER Digest, August 2013.
While there is strong evidence for productivity-driven selection into exporting, previous research has mostly failed to identify export-related efﬁciency gains within plants. This non-result is derived from revenue productivity, thus also reﬂecting prices. Using a census panel of Chilean manufacturing plants, we ﬁrst conﬁrm the non-result for revenue productivity. We then compute plant-product level marginal cost as an efﬁciency measure that is not affected by prices. We ﬁnd within-plant efﬁciency gains of 15-25%, the same order of magnitude as selection effects across plants. Evidence suggests that technology upgrading in combination with export entry is an important driver behind these gains.
Although exporters have been found to be different to non-exporters in a number of dimensions, evidence related to their price-setting behavior is scarce. In this paper I study the relation between markups and firms' export-status. For such purpose I use a rich dataset of Chilean plants which contains detailed product information on the quantity and value of each good produced and sold by the firms. The main results suggest that: i) Within a plant and for a given year, exporters charge higher markups in exported products, and ii) Within new exported products, markups does not increase much after export entry. Interestingly, the within plant-year markup premium seems to be accounted by higher prices and higher production costs, which is consistent with higher quality products selecting into export-markets. In contrast, after export entry both prices and marginal cost decrease, suggesting the existence of efficiency gains from exporting and complete pass-through to prices.
OTHER PUBLICATIONS (in Spanish)
This paper examines the relationship between exports, productivity, and technological innovation. It first analyzes the causality between the firms’ export behavior and productivity. Unlike other papers using a similar methodology, our results show no evidence of learning by exporting. In fact, although once the firms begin exporting total productivity increases by around 10 percent this increase is not statistically significant and does not prevail over time. This study also explores whether other forms of learning could be associated to the exporting process. Contrary to other analysis for developed economies, the results for Chile do not point to major gains from the exporters’ geographic and sectoral agglomeration. Finally, this paper studies whether the firms’ innovating activity favors export performance. Using product and process innovation indicators, together with data on R&D investment, no evidence is found that they increase the probability of exporting. In this context, our results reveal that firm size and the fact of having previously exported are more important than innovation in increasing the probability of exporting in future
This paper evaluates the inflationary impact of an oil shock on several components of the consumer price index for several countries including Chile. All the countries in our sample display a significant response in headline inflation, energy inflation and non-core inflation. We also find a significant response in core inflation for all countries other than the U.S and France. Chile’s inflationary response is one of the highest and most persistent in the sample. Indeed, Chile’s response in headline, total and non-core inflation is above average. Notwithstanding the above, we notice that the size and persistence of inflation responses are rather moderate.
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