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Internationalization and economic performance of enterprises: evidence from firm-level data

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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.

Suggested Citation

  • Jan Hagemejer & Marcin Kolasa, 2008. "Internationalization and economic performance of enterprises: evidence from firm-level data," NBP Working Papers 51, Narodowy Bank Polski, Economic Research Department.
  • Handle: RePEc:nbp:nbpmis:51
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    More about this item

    Keywords

    internationalization; productivity; panel firm-level data;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F15 - International Economics - - Trade - - - Economic Integration
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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