Reshoring and firm productivity

Figures & data

Table 1. Effect of reshoring on firm total factor productivity (TFP).

	All firms	Large firms	Small and medium-sized enterprises (SMEs)
Reshoring	0.001 (0.028)	–0.032 (0.035)	0.084*** (0.032)
Back-shoring	0.009 (0.010)	–0.092 (0.075)	0.078* (0.040)
Size	0.205** (0.101)	0.389** (0.180)	0.260** (0.102)
Age	–0.009 (0.023)	0.069* (0.050)	–0.043 (0.029)
Year dummies	Yes	Yes	Yes
Sector dummies	Yes	Yes	Yes
Country origin dummies	Yes	Yes	Yes
Country reshoring dummies	Yes	Yes	Yes
Observations	595	283	312
R^2	0.10	0.14	0.26

Note: The dependent variable was TFP. Standard errors robust to heteroscedasticity are shown in parentheses. ***, **, and *Statistical significance at 1%, 5% and 10%, respectively.

Figure 1. Event study for the impact of reshoring on small and medium-sized enterprises’ (SMEs) total factor productivity (TFP).

Table 2. Reshoring and total factor productivity (TFP) of small and medium-sized enterprises (SMEs) for different locations of previous offshoring.

	(1)	(2)	(3)	(4)
Reshoring	0.049* (0.028)	0.116*** (0.043)	0.098*** (0.036)	0.086** (0.035)
Interaction	0.092* (0.055)	–0.066 (0.053)	–0.105* (0.057)	–0.024 (0.060)
Asia	–0.050 (0.588)
Europe		0.041 (0.062)
USA			0.382 (0.516)
Mediterranean area				0.009 (0.126)
Firm-level controls	Yes
Year dummies	Yes	Yes	Yes	Yes
Sector dummies	Yes	Yes	Yes	Yes
Country origin dummies	Yes	Yes	Yes	Yes
Country reshoring dummies	Yes	Yes	Yes	Yes
Observations	312	312	312	312
R^2	0.28	0.17	0.21	0.16

Note: The dependent variable is TFP. Standard errors robust to heteroscedasticity are shown in parentheses. ***, ** and *Statistical significance at 1%, 5% and 10%, respectively.