Credit Constraints and Margins of Import: First Evidence for German Manufacturing Enterprises
Research output: Contributions to collected editions/works › Chapter › 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 |
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Title of host publication | Microeconometrics of International Trade |
Editors | Joachim Wagner |
Number of pages | 30 |
Publisher | World Scientific Publishing Co. |
Publication date | 01.07.2016 |
Pages | 423-452 |
ISBN (print) | 9789813109681 |
ISBN (electronic) | 9789813109698, 978-981-3109-70-4 |
DOIs | |
Publication status | Published - 01.07.2016 |
Bibliographical note
Publisher Copyright:
© 2016 by World Scientific Publishing Co. Pte. Ltd.
- Credit constraints, Germany, imports