Internationalization choices: an ordered probit analysis at industry level

被引：8
作者：
Pietrovito, Filomena [1 ]
Pozzolo, Alberto Franco [1 ]
Salvatici, Luca [2 ]
机构：
[1] Univ Molise, Dipartimento Econ Gest Soc & Ist, 2 Edificio Polifunzionale,Via F Sanctis,Snc, I-86100 Campobasso, Italy
[2] Univ Roma Tre, Dipartimento Econ, Via Silvio DAm 77, I-00145 Rome, Italy
来源：
EMPIRICAL ECONOMICS | 2016年 / 50卷 / 02期
关键词：
Internationalization choices; Exports; Mergers and acquisitions; Ordered probit; GIBRATS LAW; FDI; TRADE; EXPORTS; IMPACT; FIRMS; PRODUCTIVITY; COUNTRIES; DISTANCE;
D O I：
10.1007/s00181-015-0945-8
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper extends a highly influential contribution by Helpman et al. (Am Econ Rev 94: 300-316, 2004), on the link between within-industry heterogeneity, exports and foreign direct investment (FDI), by examining the robustness of their results using a more comprehensive dataset and relaxing the assumptions regarding the distribution of firm sales. The results of an ordered probit model-estimated on exports and mergers and acquisitions data for a sample of 25 origin countries, 91 destination countries and 57 manufacturing industries, over the period 1994-2004-confirm that sectors characterized by larger firms and more dispersed firm sales show higher probability of internationalization, through both exports and FDI.
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页码：561 / 594
页数：34
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