Firms' Pattern of Trade and Access to Finance
AbstractThis paper summarizes recent advances in the empirical research on firms' learning from trade participation and the role of finance in both starting to trade, surviving in export markets as well as expanding along the intensive and extensive trade margins. It highlights the increased importance of imports, which impacts at firms' performance primarily through relaxed technological constraints by increasing firms' scope of inputs and by lowering their input price index. In addition, imports are shown to boost firms' innovation and introduction of new products, which facilitates firms' decisions to start exporting. Another important aspect that has been highlighted is the essential role of finance in furthering firms' survival and expansion in export markets.
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Bibliographic InfoPaper provided by LICOS - Centre for Institutions and Economic Performance, KU Leuven in its series LICOS Discussion Papers with number 27811.
Date of creation: 2011
Date of revision:
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More information through EDIRC
exports; learning-by-exports; export expansion; financial constraints; credit crunch;
Other versions of this item:
- Damijan, Joze & Kostevc, Crt, 2011. "Firms' pattern of trade and access to finance," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/301468, Katholieke Universiteit Leuven.
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
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