Kabir, Poorya; Matray, Adrien; Mueller, Karsten; Xu, Chenzi - 2024
We study the role of export credit agencies — the predominant tool of industrial policy — on firm behavior by using the … effective shutdown of the Export–Import Bank of the United States (EXIM) from 2015-2019 as a natural experiment. We show that … more pronounced for firms with higher export opportunities and higher ex-ante marginal revenue products of capital. Lower …