Learning across geographic space: Pro-market reforms, multinationalization strategy, and profitability

Building on economic geography and knowledge-based theory, I argue that pro-market reforms augment the profitability of firms by increasing their competitiveness and market knowledge. However, I propose that this effect is greater for firms that operate internationally, firms that operate in more advanced markets, and firms that become multinationals before reforms are implemented. This is because such firms acquire market knowledge abroad that...