Over the last decade the introduction of ICT, a brisker pace in market integration and the adoption of a fixed exchange rate, have acted as powerful shocks, undermining the foreign market competitiveness of Italian firms located in the industrial districts (ID). In this paper it is used an index of foreign market penetration as a performance variable and estimate its determinants in two different periods, 1995-1997 and 1998-2000, using a sample of 688 Italian ID firms. The econometric results suggest that relatively “new” determinants of the foreign market penetration of ID firms, such as firm size, ICT adoption and human capital, are gaining ground.
Basile, R., Giunta, A. (2005). Things change. Foreign market penetration and firms' behaviour in industrial districts: an empirical analysis. In Clusters, Industrial Districts and Firms: the Challenge of Globalization (pp.23-45). Modena : Facoltà di Economia.