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 …. These results can be important for explaining the effect of financial development and factor endowments on export sales. …