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Globalization drives strategic product switching
Using firm-level panel data for Estonia, we analyse the impact of international competition on firm dynamics, considering both firm closedown and product switches. We contribute to the literature in two important ways: first, this is the first paper to study the determinants of exit and product swit...
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| Published in: | Review of world economics 2012-04, Vol.148 (1), p.45-72 |
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| Main Authors: | , , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c510t-c13b5d01a382888765f574de4998dd65a607fba669afea7943288df61de7c4fa3 |
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| cites | cdi_FETCH-LOGICAL-c510t-c13b5d01a382888765f574de4998dd65a607fba669afea7943288df61de7c4fa3 |
| container_end_page | 72 |
| container_issue | 1 |
| container_start_page | 45 |
| container_title | Review of world economics |
| container_volume | 148 |
| creator | Miranda, Veerle Badia, Marialuz Moreno Van Beveren, Ilke |
| description | Using firm-level panel data for Estonia, we analyse the impact of international competition on firm dynamics, considering both firm closedown and product switches. We contribute to the literature in two important ways: first, this is the first paper to study the determinants of exit and product switching in an emerging market; and second, we consider explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but it is an important factor explaining why firms choose a different core product. Previous studies on industrial countries have shown that product switching has been a defensive strategy against low-cost imports. In contrast, our results suggest that Estonian firms change their core products as an offensive strategy to take advantage of the export opportunities created by a globalized economy. |
| doi_str_mv | 10.1007/s10290-011-0114-x |
| format | article |
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We contribute to the literature in two important ways: first, this is the first paper to study the determinants of exit and product switching in an emerging market; and second, we consider explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but it is an important factor explaining why firms choose a different core product. Previous studies on industrial countries have shown that product switching has been a defensive strategy against low-cost imports. 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| ispartof | Review of world economics, 2012-04, Vol.148 (1), p.45-72 |
| issn | 1610-2878 1610-2886 |
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| source | EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); Business Source Ultimate【Trial: -2024/12/31】【Remote access available】; ABI/INFORM global; Social Science Premium Collection; Politics Collection; Springer Nature; PAIS Index; JSTOR Archival Journals |
| subjects | Agreements Alliances Analysis Business management Business structures Comparative advantage Competition Costs Developing countries Economic Policy Economic theory Economics Economics and Finance Economics, International Emerging markets Estonia Estonians European Integration Exports Extractive industries Global economy Globalization Imports Industrial market Industrial products International Economics International trade Macroeconomics/Monetary Economics//Financial Economics Market entry Original Paper Product development Product differentiation Product lines Product markets Product mixes Productivity Strategic planning Studies Trade liberalization |
| title | Globalization drives strategic product switching |
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