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ISSN Number: 2009-2822. Frequency: 4 Issues per year (online only)
Article #1687 - ICT Effects on Firms’ Export Decisions: Evidence for Colombian Manufacturing
IRE Vol 20: Issue 4, 2022 , Pages
Author(s): Andrés Mauricio Gómez-Sánchez (Facultad de Ciencias Contables, Económicas y Administrativas, Universidad del Cauca, Colombia), Juan A. Máñez-Castillejo and Juan A. Sanchis-Llopis (Department of Applied Economics II, Universitat de Valencia and ERICES, Spain)
Abstract:
This work aims at exploring the impact of several indicators of ICT on firms’ export decisions for Colombian manufacturing. To study this decision, we specify a model that accounts for sunk costs, firm experience in exporting and the impact of importing on exporting, and we estimate a dynamic (panel data) discrete model for the decision to export. To undertake this study, we merge three data bases at the firm level for Colombia: the Annual Manufacturing Survey (EAM), the Technological Development and Innovation Survey (EDIT) and the Annual ICT Manufacturing Survey (EAM-TIC), for the period 2013-2016. Our results show that ICTs have a significant and positive impact on firms’ propensity to export, regardless the ICT category examined. Our work also confirms the existence of persistence on firms’ exports, self-selection, and depreciation of export experience. This evidence contributes to the scarce empirical literature on this topic for emerging economies, such as Colombia.