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THE INTERNALIZATION OF EXPORT CHANNELS AND THE EXPORT ACTIVITY OF SPANISH MANUFACTURERS

In this paper, we analyze the existence of firm owned export channels as a response to the firm's specificities. The different theories justifying the internalization of such channels have shown, as well, that the larger the amount of exports the more likely the firm will establish its own export channels. As the existence of such channels can promote export activity, the econometric approach deals with the possible simultaneity, taking into account the binary character in the variable which refers to the internalization of the export activity.