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Exports and capacity constraints - a smooth transition regression model for six euro area countries

Belke, Ansgar; Oeking, Anne; Setzer, Ralph - 2014

find that domestic demand developments are relevant for the short-run dynamics of exports in particular during more extreme …

Persistent link: https://www.econbiz.de/10011605785

Assessing European Firms' Exports and Productivity Distributions : The CompNet Trade Module

Berthou, Antoine - 2015

establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel … productive than starters. At the intensive margin, we show that both the level and the growth of firm-level exports rise with … firm productivity, and that the bulk of aggregate exports in each country are made by a small number of highly productive …

Persistent link: https://www.econbiz.de/10013020681

Exports and Capacity Constraints -- A Smooth Transition Regression Model for Six Euro Area Countries

Belke, Ansgar Hubertus - 2015

find that domestic demand developments are relevant for the short-run dynamics of exports in particular during more extreme …

Persistent link: https://www.econbiz.de/10013031989

How do Firms in Argentina Get Financing to Export?

Castagnino, Tomás - 2013

This paper, developed in the context of the CompNet initiative, delves into the importance of access to financing for the performance of firms in export markets. Using a unique microeconomic database that combines data on Argentine firms' characteristics and export performance with information...

Persistent link: https://www.econbiz.de/10013074470

Identifying financial constraints

Cherchye, Laurens; De Rock, Bram; Ferrando, Annalisa; … - 2020

We propose a new methodology to recover firm-time varying financial constraints from firms' production behavior. We model financial constraints as the profitability that firms forgo when budget constraints on production inputs bind, impeding them from using the optimal level of inputs and...

Persistent link: https://www.econbiz.de/10012422082

Financial constraints and productivity: evidence from euro area companies

Ferrando, Annalisa; Ruggieri, Alessandro - 2015

In this paper we consider the relation between firms’ financial structure, access to external finance and labor productivity using a large dataset of firm-level data for Euro-area countries during the period 1995-2011. Our empirical strategy is twofold. First we develop an indicator of...

Persistent link: https://www.econbiz.de/10011605868

Collateral damage? On collateral, corporate financing and performance

Cerqueiro, Geraldo; Ongena, Steven; Roszbach, Kasper - 2016

In this paper, we investigate the economy-wide effects of the collateral channel by exploiting: (i) a legal reform in Sweden in 2004 that reduced collateral values, and (ii) a dataset that covers all incorporated firms in Sweden over the period 2000-2006. We find that the loss in collateral...

Persistent link: https://www.econbiz.de/10011605963

Liquidity, innovation, and endogenous growth

Malamud, Semyon; Zucchi, Francesca - 2016

We study optimal liquidity management, innovation, and production decisions for a continuum of firms facing financing frictions and the threat of creative destruction. We show that financing constraints lead firms to decrease production but may spur investment in innovation (R&D). We...

Persistent link: https://www.econbiz.de/10011605964

Too levered for Pigou: Carbon pricing, financial constraints, and leverage regulation

Döttling, Robin; Rola-Janicka, Magdalena - 2023

We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to the direct social cost of emissions) when emissions...

Persistent link: https://www.econbiz.de/10014374688

Do China and Oil Exporters Influence Major Currency Configurations?

Fratzscher, Marcel - 2015

This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US dollar exchange rate regimes remain pervasive and...

Persistent link: https://www.econbiz.de/10012749953