Credit Constraints and Margins of Import: First Evidence for German Manufacturing Enterprises
Research output: Contributions to collected editions/works › Chapter › peer-review
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Credit Constraints and Margins of Import : First Evidence for German Manufacturing Enterprises. / Wagner, Joachim.
Microeconometrics of International Trade. ed. / Joachim Wagner. World Scientific Publishing Co., 2016. p. 423-452 (World Scientific Studies in International Economics; Vol. 52).Research output: Contributions to collected editions/works › Chapter › peer-review
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TY - CHAP
T1 - Credit Constraints and Margins of Import
T2 - First Evidence for German Manufacturing Enterprises
AU - Wagner, Joachim
N1 - Publisher Copyright: © 2016 by World Scientific Publishing Co. Pte. Ltd.
PY - 2016/7/1
Y1 - 2016/7/1
N2 - 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.
AB - 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.
KW - Credit constraints
KW - Germany
KW - imports
UR - http://www.scopus.com/inward/record.url?scp=85135675026&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/b9616e64-19d3-3faa-93a2-f2cf5547fc40/
U2 - 10.1142/9789813109698_0013
DO - 10.1142/9789813109698_0013
M3 - Chapter
AN - SCOPUS:85135675026
SN - 9789813109681
T3 - World Scientific Studies in International Economics
SP - 423
EP - 452
BT - Microeconometrics of International Trade
A2 - Wagner, Joachim
PB - World Scientific Publishing Co.
ER -