This paper formulates an econometric firm growth model that explicitly accounts for interdependence of growth performance within multinational corporate networks. We apply a recently introduced IV-estimation procedure for peer group effects to directly test for externalities within multinational...

Using data on large and medium sized Austrian manufacturing firms this paper analyzes empirically in which way a high degree of export orientation and foreign production abroad, as two modes of serving foreign markets, are related to the growth performance of domestic production. Robust median...