Entry Into Export Markets And Quality Certifications: Evidence From Developing Countries

• Prosper F. BangwayoSkeete ^[1] ; Winston R. Moore ^[1]
  1. [1] University of the West Indies

     University of the West Indies

     Jamaica

     
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 15, Nº. 2, 2015, págs. 17-34
• Idioma: inglés
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• Resumen

  • This paper investigates whether internationally recognized quality certifications can facilitate firms in developing countries to penetrate the export markets, a typical challenge owing mainly to information asymmetries on product quality. Applying a multi-level regression approach that controls for endogeneity to the 2006-2013 firm-level and national-level data for 111 developing countries primarily from the World Bank Enterprise Survey, results indicated that adopting ISO certifications enable firms in developing nations to enter foreign markets. This underscores the importance of policymakers in developing countries to encourage their domestic firms to acquire internationally recognized certificates for both the firm’s and the nation’s growth.