Internationalization and the growth of Vietnamese micro, small, and medium sized enterprises: Evidence from panel quantile regressions

This paper examines the relationship between internationalization and growth for Vietnamese micro, small, and medium sized manufacturing enterprises. Using panel quantile regression analysis, we find that internationalization has a positive effect on the growth of employment, output, and labor productivity. This effect is more pronounced for firms at the higher end of the conditional growth distribution. The evidence further indicates that continuous engagement in internationalization activities is associated with higher growth than intermittent engagement. Firms that both export and sell domestically to foreign invested enterprises enjoy higher growth than those that engage in only one of these forms of internationalization. (c) 2018 Elsevier Inc. All rights reserved.