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Vietnamese footwear export: The direction of trade and determinants of firms’ market penetration
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We investigate determinants of firms’ direction of trade by using panel data of Vietnam’s footwear firms for the 2006-2010 period. Since no variance was found between firms, a pooled multinomial logit model is consequently preferable. Notably, the economies of scale show positive and significant effects for footwear firms serving the USA and EU markets. | Vietnamese footwear export: The direction of trade and determinants of firms’ market penetration