Secondary Analysis of 24 waves of PIMS

Practice area: Competition & Antitrust | Productivity, Innovation and New Economy | Public Policy
Client: UK Trade & Investment
Published: January, 2013
Keywords: modelling quantitative analysis

London Economics performed a statistical and econometric analysis of data from 24 waves (6 years) of the UKTI Performance and Impact Monitoring Survey (PIMS). Probit models were fitted to explore the determinants of firm-level outcome measures including financial and qualitative benefits such as improved business performance and productivity. The analysis identified the quality of the service provided by UKTI and the existence of a business plan specifying overseas sales objectives as the strongest predictors of business benefit. The analysis confirmed that company success cannot be predicted reliably based on the company characteristics recorded in PIMS.