You are kindly invited to attend the Joint Seminar on Firm Analysis of the
NBB, UCL, KUL, ULB, UGhent and UMons
by
Eric Verhoogen (Columbia University)
on
" Export Destinations and Input Prices: Evidence from Portugal "
joint paper with Bastos, P., J. Silva
Abstract
This paper investigates whether the destination of exports matters for the input prices paid by firms,
using detailed customs and firm-product-level panel data from Portugal. We use exchange-rate
movements as a source of exogenous variation in export destinations and find that exporting to
richer countries leads firms to pay higher prices for inputs, other things equal. There does not
appear to be a significant effect of exporting per se on input prices paid by firms. These results are
consistent with a model of endogenous input and output quality choices by heterogeneous firms, in
which firms sell higher-quality goods to richer countries and producing high-quality outputs requires
high-quality inputs.
The seminar will take place on Monday, May 7 from 16.30 until 18.00 in the Auditorium of the
National Bank of Belgium, Room A1, Entrance: Warmoesberg 61, 1000 Brussels.
Please reply by email to nbb.seminars@nbb.be if you wish to participate to this seminar. With
name and car plate number to access the NBB Parking Warmoesberg 41.
Kind regards,
Emmanuel Dhyne (NBB-UMons), Catherine Fuss (NBB), Johannes Van Biesebroeck (KUL),
Joep Konings (KUL), Hylke Vandenbussche (UCL), Vincent Vandenberghe (UCL),
Bart Cockx (UGent), Glenn Rayp (UGent), Paola Conconi (ULB), Ilan Tojerow (ULB) and
Alain Finet (UMons)