Internationalization and Economic Performance of Enterprises: Evidence from Firm-Level Data

National Bank of Poland Wokring Paper No. 51

28 Pages Posted: 2 Feb 2011

See all articles by Jan Hagemejer

Jan Hagemejer

National Bank of Poland; University of Warsaw - Faculty of Economic Sciences

Marcin Kolasa

National Bank of Poland; Warsaw School of Economics (SGH)

Date Written: September 1, 2008

Abstract

This paper provides evidence on the relative performance of internationalized firms using Polish firm-level data spanning over the period of 1996-2005. We distinguish between three modes of internationalization: foreign direct investment, exporting and importing of capital goods. Our results point strongly at superior performance of foreign affiliates vs. domestic firms, exporters vs. non-exporters and importers vs. non-importers. There seem to be important learning effects associated with becoming a foreign affiliate or an exporter. We also find evidence for significant horizontal and backward productivity spillovers from all three types of international activity.

Keywords: internationalization, productivity, panel firm-level data

JEL Classification: L25, F23, F15, O12

Suggested Citation

Hagemejer, Jan and Kolasa, Marcin, Internationalization and Economic Performance of Enterprises: Evidence from Firm-Level Data (September 1, 2008). National Bank of Poland Wokring Paper No. 51. Available at SSRN: https://ssrn.com/abstract=1752921 or http://dx.doi.org/10.2139/ssrn.1752921

Jan Hagemejer (Contact Author)

National Bank of Poland ( email )

00-919 Warsaw
Poland

University of Warsaw - Faculty of Economic Sciences ( email )

Dluga Street 44/50
Warsaw, 00-241
Poland

Marcin Kolasa

National Bank of Poland ( email )

00-919 Warsaw
Poland

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

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