The links between firm-level productivity and modes of international expansion of firms from the Lodz Voivodeship
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2018, Vol 31, Issue 1
Abstract
The paper investigates the link between firm-level productivity and internationalisation (through exports, imports and foreign direct investment (F.D.I.)) in the Lodz Voivodeship, Poland. The Olley–Pakes algorithm was used to estimate firm-level productivity. Two hypotheses were then tested – self-selection hypothesis (stating that internationalisation is only possible at sufficiently high productivity levels) and learning hypothesis (claiming that engaging in international activity facilitates productivity growth). It has been found that productivity may affect firms’ decisions about engaging in import and F.D.I., while there is no evidence of such an effect regarding exports. At the same time, there is no proof for learning, suggesting that within the timeframe of the analysis firms from the Lodz Voivodeship did not experience productivity gains due to international trade or investment.
Authors and Affiliations
Piotr Gabrielczak, Tomasz Serwach
Keywords
Related Articles
- EP ID EP543371
- DOI 10.1080/1331677X.2018.1477612
- Views 42
- Downloads 0
Portfolio optimisation with higher moments of risk at the Pakistan Stock Exchange
Stock markets play an important role in spurring economic growth and development through diversification opportunities. However, diversification cannot be truly achieved if we continue to ignore additional dimensions of...
The gender gap in economic dependency over the life cycle: some theoretical and practical considerations
Economic analysis usually defines the period of dependency with arbitrary age limits that are independent of country, year, gender and other factors. This paper uses the National Transfer Accounts methodology, which defi...
The influence of public funding on the strategies and performance of non-profit basketball clubs from South-Eastern Europe
The purpose of this study is to examine how private funding affects non-profit sport clubs in terms of their strategic decisions and organisational performance. Data for the study were collected from a survey of 73 baske...
Seasonal affective disorder and the Romanian stock market
A large number of studies conducted in economic psychology, cognitive sciences and behavioural finances support the idea that economic actions are not a result of a rational utility maximising behaviour, but seem to be d...
New hybrid multi-criteria decision-making DEMATEL-MAIRCA model: sustainable selection of a location for the development of multimodal logistics centre
The paper describes the application of a new multi-criteria decision- making (MCDM) model, MultiAtributive Ideal-Real Comparative Analysis (MAIRCA), used to select a location for the development of a multimodal logistics...