Mode of Globalization and Manufacturing Firm Closure in Cameroon

Ousmanou Njikam

Journal of Development Studies, 2022, vol. 58, issue 4, 848-866

Abstract: This paper investigates the role of three modes of globalisation – exporting, importing intermediate inputs and foreign ownership – on firm closure. No work has been done examining the complementarity/substitutability of these three globalisation modes on firm closure in a least-developed country. We use firm-level data from Cameroon and find that exporting and importing are beneficial, exports are more important in affecting firm survival than imports and foreign-owned firms tend to have shorter lives. The results highlight the importance of taking complementarity/substitutability of globalisation modes into account when analysing firms’ exit probabilities, while exporting and importing are substitutes in their effects on firm failure.

Date: 2022
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DOI: 10.1080/00220388.2021.2017889

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