Garcia-Vega, Maria (contributor); … - 2007
with productivity between
ˆ
ˆϕ and ˆ
x
ϕ , and volatility
below ˆ(, )s aϕ ϕ , which can obtain a loan to export, but … volatility below ˆ(, )
X
scϕ ϕ obtain
a loan to export, and decide to export. In Appendix 1E, we illustrate the conditions for …,
their survival probabilities, and their export market participation decisions. Our model
predicts that more volatile firms …