Firms' internationalization and productivity growth |
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| Authors: | Fernando Merino |
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| Affiliation: | 1. University of Southern California, Los Angeles, United States;2. Bank of Korea, South Korea;1. Academy of Scientific and Innovative Research (AcSIR), Anusandhan Bhawan, 2 Rafi Marg, New Delhi 110 001, India;2. Leather Processing Division, CSIR – Central Leather Research Institute, Adyar, Chennai 600020, India;3. Department of Biotechnology, CSIR – Central Leather Research Institute, Adyar, Chennai 600020, India;4. Department of Botany, Govt Arts and Science College, Nandanam, Chennai, India;1. Center for Economic Studies, University of Leuven, E. Sabbelaan 53, B-8500 Kortrijk, Belgium;2. ECARES-ECORE, Université Libre de Bruxelles, Avenue F. D. Roosevelt 50, CP 114, B-1050 Brussels, Belgium;3. Center for Economic Studies, University of Leuven, Campus Kortrijk, E. Sabbelaan 53, B-8500 Kortrijk, Belgium;1. Banca d’Italia, Italy;2. Università Roma Tre and Centro Rossi-Doria, Italy |
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| Abstract: | From a theoretical perspective it is well stated that firms involved in international markets should exhibit higher productivity levels. There is also empirical evidence that supports this result. This paper extends this relationship to a dynamic perspective. It provides evidence on how productivity evolves in more internationalized firms distinguishing different degrees of international involvement both in qualitative as well as in quantitative terms. The results show that productivity evolves differently in those firms that are doing international business, although without differences between large exporters and multinationals. |
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