Besedeš, Tibor; Byung–Cheol Kim; Lugovskyy, Volodymyr - Center for Firms in the Global Economy (CEFIG) - 2011
We investigate the effect of credit constraints on the growth of exports at the micro level. We develop a model showing 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 twelve European Union...