Location, internationalization and performance of firms in Italy: a multilevel approach
Giorgia Giovannetti (),
Giorgio Ricchiuti () and
Margherita Velucchi ()
Applied Economics, 2013, vol. 45, issue 18, 2665-2673
Competition is increasingly global. However, location still matters: often firms cluster in the same geographic areas in order to exploit locational externalities and improve their competitiveness. This article analyses how Italian firms' performance, proxied by their propensity to export, depends both on geographical and institutional context and on individual characteristics. Using a multilevel approach, we estimate and distinguish the effect of individual (firm level) and context (province level) variables on the performance of internationalized Italian firms. We show that both firms and province heterogeneity shape the results.
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Working Paper: Location, Internationalization and Performance of Firms in Italy: a Multilevel Approach (2009)
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