"Export Experience" under Borrowing Constraints

The paper develops a two-period, two-country, multigood model with endogenous investment. Borrowing is subject to quantitative restrictions. The authors examine the effect of promoting exports in period 1 on the level of exports in period 2. They consider a number of scenarios depending on how the initial values of the policy instruments are determined, and compare the "export-experience" effects under the different scenarios. Copyright Blackwell Publishing Ltd 2004..