The decision to export: a panel data analysis for Spanish manufacturing
Juan A. Mañez,
Maria Engracia Rochina Barrachina and
Juan A. Sanchis Llopis ()
Applied Economics Letters, 2004, vol. 11, issue 11, 669-673
This paper aims to empirically analyse the determinants of the decision to export using a sample of Spanish manufacturing firms during the 1990s. The data are drawn from the Encuesta sobre Estrategias Empresariales. A panel data probit model is used that is estimated using maximum-likelihood techniques. The results show that regional and local spillovers and firm characteristics such as age, size, productivity, corporation, foreign ownership, R&D and advertising intensity, have a positive and significant influence on the probability of exporting. Furthermore, public sector oriented sales have a significant and negative impact.
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