Besedeš, Tibor; Kim, Byung-Cheol; Lugovskyy, Volodymyr - In: European Economic Review 70 (2014) C, pp. 350-370
We investigate the effect of credit constraints on the growth of exports at the micro level. We develop a stylized dynamic model showing that credit constraints play a key role in early stages of exporting, but not in later stages. Our empirical results using product level data on exports to 12...