Credit constraints and margins of import: first evidence for German manufacturing enterprises
Research output: Journal contributions › Journal articles › Research › peer-review
Authors
This study uses tailor-made enterprise-level data for 2008–2010 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.
| Original language | English | 
|---|---|
| Journal | Applied Economics | 
| Volume | 47 | 
| Issue number | 5 | 
| Pages (from-to) | 415-430 | 
| Number of pages | 16 | 
| ISSN | 0003-6846 | 
| DOIs | |
| Publication status | Published - 26.01.2015 | 
- Economics and Econometrics
 
ASJC Scopus Subject Areas
- Economics
 - credit constraints, Germany, imports
 
