Credit contraction and international trade: Evidence from Chilean exporters
| Autor: | Andres Sagner, Roberto Alvarez, Javier Turén, Ari Aisen |
|---|---|
| Rok vydání: | 2013 |
| Předmět: |
Economics and Econometrics
Sociology and Political Science Export credit agency business.industry education Geography Planning and Development Public policy International economics International trade Development humanities Trade credit Financial crisis Economics Credit crunch business health care economics and organizations |
| Zdroj: | World Development. 44:212-224 |
| ISSN: | 0305-750X |
| DOI: | 10.1016/j.worlddev.2012.09.016 |
| Popis: | Summary Using data of Chilean exporting firms, this paper studies the effect of the financial crisis on the extensive and intensive margin of export in the aftermath of the crisis. The negative effect of the crisis on exports is highly heterogeneous. The evidence shows that larger exporters, belonging to industries more dependent on overall credit, have suffered disproportionately more during the crisis in terms of export growth, but less in terms of entry and exit. This has important policy implications, as public policy aiming at stimulating trade credit may not be as effective if overarching credit conditions remain subdued. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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