Kelle, Markus Kleinert, Jörn Raff, Horst Toubal, Farid
Year of Publication:
CESifo Working Paper No. 3806
We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the firm level. We use these data to study export market participation and the choice of export mode: cross-border versus foreign affiliate sales. We find that for firms in our sample productivity is both a statistically significant and economically important determinant of the export participation and export mode choice. We also identify the role of industry- and country-specific determinants.
international trade trade in services supply modes commercial presence foreign direct investment multinational enterprises firm heterogeneity