High-End Variety Exporters Defying Distance : Micro Facts and Macroeconomic Implications
type: Dataset
description: We develop a new methodology to identify high-end variety exporters in French fi rm level data. We show that they do not export to many more countries, but they export to more distant ones. This comes with a greater geographic diversi cation of their aggregate exports. In contrast to low-end export(er)s, we find that distance has almost no eff ect on high-end variety export(er)s. We also show that high-end export(er)s are more sensitive to the average income of the destination country. Because of this di erent sensitivity to gravity variables at the micro-level, specializing in the production of high-end varieties has two macroeconomic implications for countries. First, the sources of a country's aggregate exports volatility are modi ed. The higher sensitivity to per capita income increases the sensitivity of high-end variety exports to destination-speci c demand shocks, and thus their volatility on a given market. However, their lower sensitivity to distance allows for a greater geographic diversi cation of their exports, which in turn reduces aggregate volatility through a portfolio e ect. Second, the lower sensitivity to distance allows highend varieties to bene t more from demand growth, especially when it arises in distant markets.
issued: 2026-05-06T01:07:06.674984
language: en
modified: 2026-05-06T01:07:06.674988
contact point: Organization
  fn: CCSD
keyword: distance
keyword: gravity
keyword: infoeu-reposemanticspreprint
keyword: jel-f---international-economicsff1---tradeff1f14---empirical-studies-of-trade
keyword: jel-f---international-economicsff4---macroeconomic-aspects-of-international-trade-and-financeff
keyword: jel-l---industrial-organizationll1---market-structure-firm-strategy-and-market-performancell1
keyword: preprints-working-papers-
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
keyword: vertical-di-erentiation
keyword: volatility
landing page: https://pse.hal.science/hal-00959404

High-End Variety Exporters Defying Distance : Micro Facts and Macroeconomic Implications
type: Distribution
format: HTML
issued: 2026-05-06T01:07:06.678371
modified: 2026-05-06T01:07:06.654143
access URL: https://pse.hal.science/hal-00959404

test_moissonnage_selune
type: Agent