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Regional implications of financial market development : credit rationing, trade, and location ; conference paper

Ehrlich, Maximilian von; Seidel, Tobias - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10010344666

Financing constraints, credit rationing and financing obstacles : evidence from firm-level data in South-Eastern Europe

Hoshi, Iraj; Toçi, Valentin Z. - In: Economic and business review : EBR 12 (2010) 1, pp. 29-60

Persistent link: https://www.econbiz.de/10011617301

Capital market imperfections and trade liberalization in general equilibrium

Irlacher, Michael; Unger, Florian - 2015

general equilibrium. Our theoretical model is motivated by new empirical patterns from enterprise survey data of the World …

Persistent link: https://www.econbiz.de/10010519206

Capital market imperfections and trade liberalization in general equilibrium

Irlacher, Michael; Unger, Florian - 2016

increases the within-industry variance of, sales and reduces welfare gains as consumers dislike price heterogeneity. Our theory … is consistent with new empirical patterns from World Bank firm-level data. We highlight that credit frictions are …

Persistent link: https://www.econbiz.de/10011431529