Productivity of Czech logistic firms: quality orientation, entrants and multinationals

Abstract

The paper analyses logistics industry in Czech Republic and analyzes clusters and groups of one hundred companies that were active in the market in 2014. Analysis is based on the economic theory of endogenous growth and technological spillovers of multinational firms. They have the know-how and technology, which makes them more productive than local firms which tries to catch up the leaders and try to get as much knowledge as possible. This paper contributes to this theory. Key findings for this transitional economy is that quality certification is not beneficial for labor productivity and earnings, there are differences among multinational firms in terms of output efficiency and they are on average more productive than local firms, older firms are less productive than younger, but entrants are not more profitable than older firms.