Credit Constraints and Margins of Import: First Evidence for German Manufacturing Enterprises

Joachim Wagner ()

Chapter 13 in Microeconometrics of International Trade, 2016, pp 423-452 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This study uses tailor-made enterprise-level data for 2008–2010 from various sources for firms from manufacturing industries to test for the link between credit constraints, measured by a credit rating score provided by a leading credit rating agency, and imports in Germany for the first time. We find empirical evidence that a better credit rating score is positively related to extensive margins of import — firms with a better score have a higher probability to import, they import more goods and they source from more countries of origin. The intensive margin of imports — the share of imports in total sales — is found not to be related to credit constraints.

Keywords: Microeconometrics; International Trade; Exports; Imports; Firm Performance; Productivity; Profits; Wages; Firm Survival (search for similar items in EconPapers)
Date: 2016
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Related works:
Journal Article: Credit constraints and margins of import: first evidence for German manufacturing enterprises (2015)
Working Paper: Credit constraints and margins of import: First evidence for German manufacturing enterprises (2014)
Working Paper: Credit constraints and margins of import: First evidence for German manufacturing enterprises (2014)
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