Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2016 - This draft: March 2016
dispersed outcomes. As a result, credit frictions make firms smaller and more homogeneous, and hinder the volume of exports …. Export opportunities, instead, shift expected profits to the tail and increase the value of technological heterogeneity. We …, built from highly disaggregated US import data. Consistent with the model, financial development increases sales dispersion …