首页|Location, profitability, and international trade liberalization in European textile-clothing firms

Location, profitability, and international trade liberalization in European textile-clothing firms

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  • NETL
  • NSTL
  • Elsevier
© 2023 The Author(s)In the European traditional manufacturing sector (TMS), there is a vigorous debate concerning the real impact of international trade liberalization on firm profitability. Based on firm-level data from five European countries, we analyze how location, productive subsector, and firm characteristics are associated with the profitability of the European textile-clothing industry in the pre- and post-trade liberalization period. Our results reveal that the externalities derived from geographical proximity were diluted after international trade liberalization. Moreover, larger companies and those that focus on high value-added products, as represented by Northern European firms, show a stronger association with profitability. Accordingly, this observation calls into question the future of some TMS activities in a globalized world. Therefore, manufacturing strategies and industrial policies should be location- and context-specific.

European firmsLiberalizationLocationManufacturing strategiesTextile-clothing industry

Puig F.、Cantarero S.、Debon A.、Marques H.

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Department of Management University of Valencia

Centro de Gestión de la Calidad y del Cambio Universitat Politècnica de València

Department of Applied Economics University of the Balearic Islands

2023

10.1016/j.econmod.2023.106563

Economic modelling

Economic modelling

ISSN：0264-9993
年,卷(期)：2023.129(Dec.)
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