Innovation and exporting: evidence from Spanish manufacturing firms |
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Authors: | Aida Caldera |
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Institution: | 1. ECARES, Université Libre de Bruxelles, Av. F.D. Roosevelt 50, CP 114, 1050, Brussels, Belgium
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Abstract: | This paper investigates the relationship between innovation and the export behavior of firms using data from a representative
panel of Spanish firms over 1991–2002. It presents a simple theoretical model of the firm decision to export and innovate
that guides the econometric analysis. Consistent with the predictions of the theoretical model, the econometric results suggest
a positive effect of firm innovation on the probability of participation in export markets. The results further reveal the
heterogeneous effects of different types of innovations on the firm export participation. In particular, product upgrading
appears to have a larger effect on the firm export participation than the introduction of cost-saving innovations. These findings
are robust to firm unobserved heterogeneity, dynamic specifications, and to the use of instrumental variables to control for
the potential endogeneity between innovation and exporting. |
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Keywords: | |
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