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competing theory based on the alternative assumption that quality is exogenous across firms would predict completely opposite …
Persistent link: https://www.econbiz.de/10009786048
.rm credit scores used by banks for their lending decisions, we assess how credit constraints affect export quality … export quality upgrading, credit constraints may affect the intensive margin of trade. …
Persistent link: https://www.econbiz.de/10011298720
competing theory based on the alternative assumption that quality is exogenous across firms would predict completely opposite …
Persistent link: https://www.econbiz.de/10013315727
We introduce credit frictions motivated by moral hazard in a general equilibrium model of international trade with two dimensions of heterogeneity and endogenous investments. Firms' competitiveness consists of capabilities to conduct process and quality innovations at low costs, whereas...
Persistent link: https://www.econbiz.de/10010520764
This paper analyzes the impact of financial development on export concentration. I incorporate credit constraints into … increases innovation activity and export shares of larger firms. In contrast, a model variant in which exporters have to finance … production costs instead of investments suggests a negative impact of financial development on export concentration as smaller …
Persistent link: https://www.econbiz.de/10014228271
negative impact of credit constraints on both the number of goods exported and the number of export destination countries that …
Persistent link: https://www.econbiz.de/10010529896
reports a negative impact of credit constraints on both the number of goods exported and the number of export destination …
Persistent link: https://www.econbiz.de/10010491698
reports a negative impact of credit constraints on both the number of goods exported and the number of export destination …
Persistent link: https://www.econbiz.de/10011296329
This paper analyzes the effects of credit frictions in a trade model where heterogeneous firms select both into exporting and into two types of external finance. In our framework, small producers face stronger credit frictions, pay a higher borrowing rate and rely on bank finance, whereas large...
Persistent link: https://www.econbiz.de/10012016063
Persistent link: https://www.econbiz.de/10013440295