This paper uses a detailed data set of UK firms between 2005 and 16, to investigate how export participation and export values were affected by the aftermath of the 2008 crisis, and particularly the post-crisis recovery period of 2011–16. Viewing the post-crisis period as a treatment compared to before the crisis, we compare firm export propensity and export values using a propensity score matching approach. We conclude that the underlying relationships between size, productivity, creditworthiness and exports remained remarkably consistent throughout the period. After correcting for TFP and credit scores, we find relatively constant export propensity across the whole time period, except for younger firms in services industries, whose export propensity increased. Our results suggest that the slowdown in trade in this period has not been attributable to a change in underlying firm export behaviour.

中文翻译：

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大贸易崩溃和英国出口利润的决定因素：队列和公司层面的匹配方法

本文使用 2005 年至 16 年间英国公司的详细数据集，研究出口参与度和出口价值如何受到 2008 年危机后果的影响，尤其是 2011-16 年危机后恢复期。将危机后时期视为与危机前相比的一种处理方式，我们使用倾向评分匹配方法比较企业出口倾向和出口值。我们得出的结论是，规模、生产力、信誉和出口之间的潜在关系在整个时期内保持非常一致。在校正 TFP 和信用评分后，我们发现整个时期的出口倾向相对稳定，除了服务行业的年轻公司，其出口倾向增加。