Title page
Contents
Abstract 2
1. Introduction 4
2. Literature Review 6
3. Methodology 8
4. Data and Summary Statistics 10
5. Results: Export Decision 17
6. Results: Export Intensity 25
7. Conclusions 28
References 29
Appendix 32
TablesTable 1. Manufacturing firms by number of years recorded in the dataset 11
Table 2. Share of exporters by sector 11
Table 3. Chartactersitics of exporters and non-exporters 12
Table 4. Variables used to measure spillovers 13
Table 5. Financial status of exporters and non-exporters over time 15
Table 6. Determainants of the decision to export-Baseline results 18
Table 7. GMM estimates 18
Table 8. The impact of activities spillovers on export decision 19
Table 9. The impact of liquidity and R&D on export decision 21
Table 10. The impact of the exchange rate on export decision 22
Table 11. Exchange rate movement and export decision 24
Table 12. Exchange rate volatility and exprot decision 24
Table 13. Determinants of export inentsity 26
Table 14. Exchange rate movements and volatitlity on exports value 26
Figures
Figure 1. Exporters, entrants and exiters by year 12
Figure 2. Benchmarking against other European Countries 13
Figure 3. Imported intermediate inputs ratio (IIIR) by sector 14
Figure 4. Access to Finance in Poland and Benchmarks 16
Figure 5. Number of exporters per sector 16
Figure 6. Percentage of "REER-vulnerable" firms(IIIR〈30%) 23
Appendix TablesTable A1. Descriptive statistics of firms' characteristics by sector 32
Table A2. REER and Imported intermediate inputs ratio (IIIR) by sector 33
Table A3. Annual probit models for export participation(secletion equation) 34
Appendix Figures
Figure A1. REER by sector and year 33