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| 1 |
ID:
128838
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| Publication |
2014.
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| Summary/Abstract |
This paper presents empirical results on the export performance of Spanish defense contractors. The objective is threefold. First, we briefly describe the export profile of the Spanish defense industry at the firm level. Second, in light of some results on the determinants of firm-level export intensity, we empirically test some of these variables for the case of defense-related exports. We find that exporters tend to be capital intensive, diversified, and showing high R&D effort. In the analysis by sectors, learning by exporting is the most frequent result. Third, we assess the exporter productivity premium, regressing productivity on exporter status and firm size. Our results indicate that when controlling for firm heterogeneity, no such premium exists.
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| 2 |
ID:
128836
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| Publication |
2014.
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| Summary/Abstract |
This paper uses an output-oriented stochastic distance function to compute defense contractors' technical efficiency as a measure of performance. Then, nesting a market structure and conduct equation into the frontier, we identify firm and industry factors that affect the observed inefficiency levels. The empirical results confirm that there exist multi-directional causal correlations among market structure, conduct, and performance of defense contractors. In addition, the paper shows that there exists a great variability among the different sectors that compose the defense industrial base. Therefore, policies oriented to influence the industry must take into account the multi-directional causal relation among its components.
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| 3 |
ID:
128761
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| Publication |
2014.
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| Summary/Abstract |
In Spain, the existence of industries devoted to the production of military equipment dates back to the thirteenth century. The success of the Spanish empire of the sixteenth and seventeenth centuries can be explained, in part, by the early production of battleships, fire guns, gunpowder and explosives, artillery pieces, and swords. Some of the factories created during this period of history are still in operation today, although deeply transformed and integrated within larger and modern organizations.
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