|Sector:||Competition, Regulation and Business | Productivity, Innovation and New Economy | Public Policy|
|Client:||UK Trade & Investment|
|Tagged:||modelling quantitative analysis UK|
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.