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Exports are an important source of revenue, especially in transitional economies. To better understand export growth, we examine the influence of institutional development, managerial aspirations, private ownership, firm size, and age with a sample of Central and East European firms. We find that institutions affect export growth through their interaction with firm size and age, though in opposite ways. Also, while the impact of private ownership is conditional on the level of institutional development, managerial aspirations support export growth across all institutional environments examined. These results indicate the importance of institutions and their limits when behavioral factors are considered.
change, institutions, inertia, incentives, transition economies
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