Mode of Globalization and Manufacturing Firm Closure in Cameroon
研究了出口、进口中间品和外资所有权三种全球化模式对喀麦隆制造业企业倒闭的影响,发现出口和进口有助于降低倒闭风险,但外资企业寿命更短。
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.