Firms and Competitiveness: A Novel Database of Greek Exporters and Innovators

(Competitiveness Database of Exporters – Greece: CODEX-Greece)

The literature on competitiveness and international trade has highlighted, in addition to traditional macroeconomic analysis, the importance of firm-level factors for exporting. Firm characteristics go beyond aggregate economic performance and aim at capturing the heterogeneity of firm performance. The availability of firm level data from selected EU countries (Greece not included) has recently been made possible through an extensive survey of the global operations of European firms (EFIGE project) and produced important policy implications for trade and growth policies.

A key finding of the EFIGE project was that exporting firms are larger, more productive and more skill intensive than non-exporting firms. These firm characteristics indicate complex trade strategies, including exporting more products to more destinations. Notably, the ability of a firm to invest in R&D and carry out product innovation is directly related to its ability to compete in the world market place.

Although improving competitiveness is a crucial issue for the Greek economy, there is little evidence on the determinants of international economic activity at the firm level. The main reason is the lack of related data and the difficulty in collecting them. The present research proposal will focuses on Greek exporting firms and aims at studying:

(a) the determinants of exporting,

(b) the relationship between innovation and trade.

The contribution of the project is:

  • the creation of a database with Greek exporting firms and international patent owners through a detailed large scale sample survey on exporters under the title ‘Competitiveness Database of Exporters – Greece’ (CODEX-Greece),
  • the econometric analysis of the determinants of exporting by Greek firms.

The dataset will include evidence on the effects of capital controls and other firm characteristics related to the Greek crisis on firms’ exporting activity. The database will provide new and internationally unique information on the factors affecting international trade flows at the firm level and will be made available to the Greek and international academic community through the Laboratory of International Economic Relations (LINER) at the Athens University of Economics and Business.

This project has received funding from the Hellenic Foundation for Research and Innovation (HFRI) and the General Secretariat for Research and Technology (GSRT), under grant agreement No [242].

Το έργο χρηματοδοτείται από το Ελληνικό Ίδρυμα Έρευνας και Καινοτομίας (ΕΛΙΔΕΚ) και από τη Γενική Γραμματεία Έρευνας και Τεχνολογίας (ΓΓΕΤ), με αρ. Σύμβασης Έργου [242]