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, exports may be lower than their efficient levels. For this reason,many countries support exporters by underwriting export … usesectoral data on export credit guarantees issued by the German government. We investigatewhether those guarantees indeed do … export-increasing effect ofguarantees. There is some evidence that the effect is larger for export markets with poorfinancial …
Persistent link: https://www.econbiz.de/10010312171
To clarify the causal links between financial activity and economic growth, three theoretical models are analyzed and a structural equation path models is estimated. In the modeling part, poverty traps result from large fixed costs or high proportions of real investment to run a financial...
Persistent link: https://www.econbiz.de/10010305424
and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation … and export activities, using unique firm survey data which provides direct measures for innovations and firm …-specific financial constraints. We find that financial constraints restraint heability of domestically owned firms to innovate and export …
Persistent link: https://www.econbiz.de/10010333877
By building a theoretical model and taking it to the data with two novel datasets, this paper analyses the interaction between credit constraints and exporting behaviour. Building a heterogeneous firms model of international trade with liquidity-constrained firms yields several predictions on...
Persistent link: https://www.econbiz.de/10011506660
We analyze the link between financial development and income inequality for a broad unbalanced dataset of 138 developed and developing countries over the years 1960 to 2008. Using credit-to-GDP as measure of financial development, our results reject theoretical models predicting a negative...
Persistent link: https://www.econbiz.de/10010280825
We demonstrate, using a simple two - period equilibrium model of the economy, the potential effects of extreme event occurrences - such as natural or humanitarian disasters - on economic growth over the medium - to long - term. In particular, we focus on the effect of such shocks on investment....
Persistent link: https://www.econbiz.de/10010392509
This paper examines the role of the financial sector in renewable energy (RE) development. Although RE can bring socio-economic and environ- mental benefits, its implementation faces a number of obstacles, especially in non-OECD countries. One of these obstacles is financing: underdevel- oped...
Persistent link: https://www.econbiz.de/10011753181
of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm …'s innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and hence to catch up to the technological frontiers. This negative effect is amplified as financial constraints force …
Persistent link: https://www.econbiz.de/10010269463
firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is …
Persistent link: https://www.econbiz.de/10011605291
This paper analyzes the impact of financial development on export concentration. I incorporate credit constraints into … increases innovation activity and export shares of larger firms. In contrast, a model variant in which exporters have to finance … production costs instead of investments suggests a negative impact of financial development on export concentration as smaller …
Persistent link: https://www.econbiz.de/10014290215