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Technological complexity and international reach in SMEs: an empirical investigation in an industrial region

Author

Listed:
  • Sebastiano Cattaruzzo

    (Ca’ Foscari University of Venice)

  • Giancarlo Corò

    (Ca’ Foscari University of Venice)

  • Roshan Borsato

    (Ca’ Foscari University of Venice)

Abstract

This study investigates the relationship between technological complexity and international performance in small and medium-sized enterprises (SMEs) using data from a 2023 survey of firms in the Veneto region. We develop a Technological Complexity Index (TCI) to capture firms' adoption of advanced Industry 5.0 technologies. Our results reveal that higher TCI is associated with greater export intensity, broader geographical diversification, and reduced market concentration. Firms that adopt more comprehensive organizational strategies, such as product customization and post-sale services, also perform better internationally. Policy recommendations include targeted support for SMEs to enhance technological adoption through financial incentives and skills development programs.

Suggested Citation

  • Sebastiano Cattaruzzo & Giancarlo Corò & Roshan Borsato, 2024. "Technological complexity and international reach in SMEs: an empirical investigation in an industrial region," Working Papers 2024: 16, Department of Economics, University of Venice "Ca' Foscari".
    • Handle: RePEc:ven:wpaper:2024:16
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Technological complexity; international organization; export diversification;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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