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Exports, Productivity, and Credit Constraints : A Firm-Level Empirical Investigation of China

Li, Zhiyuan; Yu, Miaojie - 2009

Recent Melitz-type (2003) intra-industry heterogonous trade models argue that a firm's productivity has significant effects on the firm's exports. This paper examines how a firm's credit constraints as well as its productivity affect its export decisions. We imbed the firm's credit constraints...

Persistent link: https://www.econbiz.de/10014204630

Exports and Credit Constraints Under Incomplete Information : Theory and Evidence from China

Feenstra, Robert C.; Li, Zhiyuan; Yu, Miaojie - 2011

This paper examines why credit constraints for domestic and exporting firms arise in a setting where banks do not observe firms' productivities. To maintain incentive-compatibility, banks lend below the amount needed for first-best production. The longer time needed for export shipments induces...

Persistent link: https://www.econbiz.de/10014043745

Exports, productivity, and credit constraints : a firm-level empirical investigation of China

Li, Zhiyuan; Yu, Miaojie - 2009

Persistent link: https://www.econbiz.de/10009298671

Export creation of the Belt and Road Initiative : "give-them-a-fish" or "teach-them-to-fish"?

Chen, Yu; Zhang, Yan; Zhao, Lin - In: International studies of economics 17 (2022) 4, pp. 531-549

The Belt and Road Initiative (BRI) initiated by China in 2013 is a new experiment in regional cooperation, which aims … its member states (excluding China), based on a difference-in-differences model. We find a significant causal relationship … between the BRI countries and China (considered as "give-them-a-fish"), export creation also originated from the BRI countries …

Persistent link: https://www.econbiz.de/10014288625

FDI, Trade Credit, and International Transmission of Liquidty Shocks : Evidence from Chinese Manufacturing Firms

Lin, Shu - 2018

We propose and empirically test a novel trade credit channel through which the presence of foreign-owned firms can propagate international liquidity shocks to a local country despite its tight controls over portfolio flows. A well-documented advantage of foreign-owned firms, especially large...

Persistent link: https://www.econbiz.de/10012936533