Brazilian Exporter Dynamics Following the Argentine Crisis

This paper investigates how Brazilian exportersresponded to the Argentine economic crisis in 2001-02. Using detailed customs data from Brazil, we explore the various margins of adjustment which have been suggested by a recent literature on multi-product …rms in international trade. Our …ndings show that the churningof …rms and varieties explain only 1/3 of the sharp decline in total exportsto Argentina, despite an extraordinary reduction in the number of exporting…rms and varieties exportedto Argentina. The relative importance