High-productivity firms dominate exports and FDI, boosting consumer welfare.
The article discusses how firms can learn to export and expand internationally, with some becoming multinational companies. The study shows that high-productivity firms are more successful in exporting and foreign direct investment (FDI) than low-productivity firms. As a result, exporters are generally more productive than non-exporters, and multinational firms are more productive than exporters. The research also highlights the impact of policy changes on consumer welfare and the reallocation of labor resources within regions. Overall, the findings suggest that high-productivity firms are more likely to engage in export-learning and FDI, leading to a more productive economy.