Bouët, Antoine; Vaubourg, Anne-Gaël - International Food Policy Research Institute (IFPRI) - 2015
resort to external funders to finance fixed export costs and investments in production capacities. We assume that sectors … allows firms to finance fixed export costs at a lower interest rate. On the other hand, financial health reduces the cost of … of trade. By increasing the cost of external finance, a financial shock increases the financial cost of exporting and …