Credit constraints and margins of import: First evidence for German manufacturing enterprises
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
Authors
This study uses tailor made enterprise level data from various sources for firms from manufacturing industries to test for the link between credit constraints, measured by a credit rating score provided by a leading credit rating agency, and imports in Germany for the first time. We find empirical evidence that a better credit rating score is positively related to extensive margins of import – firms with a better score have a higher probability to import, they import more goods and they source from more countries of origin. The intensive margin of imports – the share of imports in total sales – is found not to be related to credit constraints.
Originalsprache | Englisch |
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Erscheinungsort | Lüneburg |
Verlag | Institut für Volkswirtschaftslehre der Universität Lüneburg |
Anzahl der Seiten | 33 |
Publikationsstatus | Erschienen - 2014 |
- Volkswirtschaftslehre