EconPapers    
Economics at your fingertips  
 

Export growth and credit constraints

Tibor Besedes (), Byung-Cheol Kim () and Volodymyr Lugovskyy ()

European Economic Review, 2014, vol. 70, issue C, 350-370

Abstract: We investigate the effect of credit constraints on the growth of exports at the micro level. We develop a stylized dynamic model showing that credit constraints play a key role in early stages of exporting, but not in later stages. Our empirical results using product level data on exports to 12 European Union members and the U.S. support the model׳s predictions: exports from more credit constrained and riskier exporters grow faster. Export growth rates decrease with duration and converge across countries. While an important force in early stages credit constraints affect export growth much less as the duration of exports increases.

Keywords: Export growth; Credit constraints (search for similar items in EconPapers)
JEL-codes: F12 F14 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0014292114000713
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Export Growth and Credit Constraints (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:70:y:2014:i:c:p:350-370

DOI: 10.1016/j.euroecorev.2014.05.001

Access Statistics for this article

European Economic Review is currently edited by T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

More articles in European Economic Review from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().

 
Page updated 2021-06-10
Handle: RePEc:eee:eecrev:v:70:y:2014:i:c:p:350-370