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  1. 1. The importance of sunk costs of exporting in risky situations

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Katrin Möller; [2012]
    Keywords : Sunk costs of exporting Export hysteresis Exchange rate uncertainty; Business and Economics;

    Abstract : This paper investigates if the importance of sunk costs differs between markets with different exchange rate risk. First, it examines the importance of sunk costs on the export participation decision by estimating the effect the previous export status has on the current export decision. READ MORE