Proximity to plants makes it easier for headquarters to monitor and acquire information about plants. In this paper, I estimate the effects of headquarters' proximity to plants on plant investment and productivity. Using the introduction of new airline routes as a source of exogenous variation...

Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment activity results (included is a generalized...

Building on the important study by Beck, Demirguc-Kunt and Maksimovic (2005, Journal of Finance), we examine how government intervention in firms' decision-making is related to their investment and sales growth. Using the unique World Bank dataset (WBES) covering 6,500 firms in 70 countries, we...

In this paper, we explore the link between firm productivity and exporting using three firm level datasets of 1323 Tunisian manufacturing firms from 2004 to 2006. In particular, we examine whether more productive firms self-select into export markets, and whether exporters achieve productivity...

In this paper, we aim to analyse the learning by exporting hypothesis in the Mozambican context. Due to the presence of the born-global phenomenon among exporters, we address the endogeneity introduced by self-selection by combining a generalized BO approach with results from traditional...

Three major policy regimes, namely import substitution, market liberalization and export promotion have greatly influenced Kenyan industrialization since independence in 1963. Overall, import substitution strategy was successful in establishing some primary industries but led to reduced domestic...