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
Date Written: September 1, 2008
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
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