Information Spillovers and the Choice of Export Destination: A Multinomial Logit Analysis of Spanish Young SMEs

Francisco Requena Silvente and Juana Giménez

Small Business Economics, 2007, vol. 28, issue 1, 69-86

Abstract: Does having more firms around exporting to a particular destination improve the chances of exporting to that destination (e.g. through information spillovers)? We answer this question implementing a multinomial logit model of whether a firm exports to a particular country. To identify the source of information spillovers, we construct indicators of geographical concentration of exporters selling to a specific destination: within industry, multinationals and across industries. In our application with data for Spanish new small sized firms, only within-industry agglomeration of exporting domestic firms significantly affects the probability of small sized firms exporting to the same destination. The significance of localisation economies is robust to a barrage of controls including destination specific characteristics, gravitational factors (distance and level of development), firm heterogeneity (size) and regional differences. Copyright Springer 2007

Keywords: export destination; information spillovers; multinomial logit; F10; F23; L10 (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1007/s11187-005-7324-3

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