My Ssec Capstone Project Many studies have documented the impact of exports on economic growth

Many studies have documented the impact of exports on economic growth

Many studies have documented the impact of exports on economic growth (e.g. Hes-
-market o expand internationally. But many
to develop an appropriate set of resources and
implications relevant to policy-makers are derived from the literature overview.
sels & van Stel, forthcoming). Similarly, on a rm-level, consistent evidence has been found that exporters enjoy higher produc vity than non-exporters within the same industry (Eliasson, Hansson & Lindvert, forthcoming). For European small and medi- um-sized enterprises (SMEs), not least the single European market has increased the opportuni es for SMEs to interna onalize their business ac vi es (cf. Eyre & Small- man, 1998).
As an economy with a small home-market, interna onal trade is essen al for Sweden’s economic growth. In 2011, Swedish companies exported goods and services for a value of 1136 billion Swedish Kronor (see even Table 10 below); and more than half of these exports (650.8 bln SEK) went to other European Union (EU) countries (Sta s cs Sweden, 2011). For example, the aggregate export intensity (i.e. the share of exports in sales) for manufacturing was 64% in 2006 (Eliasson et al., forthcoming). Yet, the share of SMEs, which represent 99.8% of all Swedish companies, in these interna- onal manufacturing ac vi es can be considered low

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