Trade liberalization boosts firms' success in experimenting with export markets
The article explores how companies experiment with exporting products to new markets. It shows that new exporters tend to grow faster in a market than experienced ones, but they are also more likely to leave. Trade liberalization and focusing on core products help new exporters stay in the market. The study uses data from Peruvian exports to the USA to support these findings. Additionally, it finds that trade liberalization speeds up how quickly companies try out new products in a market.