Credit constraints and exports: A survey of empirical studies using firm level data

Research output: Working paperWorking papers

Authors

Business managers are well aware of the fact that credit constraints can hamper or even prevent exporting. Economists only recently started to incorporate these arguments in theoretical models of heterogeneous firms and to test the implications of these models econometrically with firm-level data. Starting with the pioneering study by Greenaway, Guariglia and Kneller (Journal of International Economics, 2007) a growing number of empirical papers looked at the links between financial constraints and export activities using data at the level of the firm. This paper presents a tabular survey of 32 empirical studies that cover 14 different countries plus five multi-country studies. The big picture can be summarized as follows: Financial constraints are important for the export decisions of firms – exporting firms are less financially constrained than non-exporting firms. Studies that look at the direction of this link usually report that less constraint firms self-select into exporting, but that exporting does not improve financial health of firms. The paper argues that the results at hand should not be considered as stylized facts that can guide policy makers in an evidence-based way and suggests a strategy to further improve our knowledge in this area.
Original languageEnglish
Place of PublicationLüneburg
PublisherInstitut für Volkswirtschaftslehre der Universität Lüneburg
Number of pages23
Publication statusPublished - 2013

    Research areas

  • Economics - credit constraints, exports, empirical studies, literature survey

Documents

Recently viewed

Publications

  1. Managing Biodiversity Correctly
  2. Project-Mentoring in Engineering Education - a competence-oriented teaching and learning approach
  3. Der Sturm
  4. Influences of yttrium content on microstructure and mechanical properties of as-cast Mg–Ca–Y–Zr alloys
  5. The role of the situation model in mathematical modelling
  6. Tree species and genetic diversity increase productivity via functional diversity and trophic feedbacks
  7. Effects of grassland management, endophytic fungi and predators on aphid abundance in two distinct regions
  8. Digital technology in game-based approaches
  9. What is missing in the EVS?
  10. Tree species identity and functional traits but not species richness affect interrill erosion processes in young subtropical forests
  11. Local perceptions of ecosystem services across multiple ecosystem types in Spain
  12. “Smart is not smart enough!” Anticipating critical raw material use in smart city concepts
  13. Contrasting requests in Inner Circle Englishes
  14. Energy model, boundary object and societal lens
  15. Complex predicates in German resultative constructions
  16. Chapter 9: Particular Remedies for Non-performance: Section 3: Termination of Contract
  17. Temporal discrimination as a function of marker duration
  18. 9th challenge on question answering over linked data (QALD-9)
  19. A piezo servo hydraulic actuator for use in camless combustion engines and its control with MPC
  20. Competition in fragmented markets
  21. Evaluating a hybrid web-based training program for panic disorder and agoraphobia
  22. Fermentative utilization of coffee mucilage using Bacillus coagulans and investigation of down-stream processing of fermentation broth for optically pure L(+)-lactic acid production