Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2016 - This draft: March 2016
We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …. 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. …