Credit constraints and margins of import: First evidence for German manufacturing enterprises
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2014. (University of Lüneburg Working Paper Series in Economics; Nr. 294).
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
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TY - UNPB
T1 - Credit constraints and margins of import
T2 - First evidence for German manufacturing enterprises
AU - Wagner, Joachim
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
KW - Economics
KW - credit constraints
KW - imports
KW - Germany
M3 - Working papers
T3 - University of Lüneburg Working Paper Series in Economics
BT - Credit constraints and margins of import
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -