EconPapers    
Economics at your fingertips  
 

Financial Development, Exporting and Firm Heterogeneity in Chile

Roberto Alvarez () and Ricardo López

No 51, Working Papers from Brandeis University, Department of Economics and International Businesss School

Abstract: Using plant-level data from the manufacturing sector of Chile for the period 1990-2000, this paper examines the effect of financial development on the probability of exporting at the plant level, with a special focus on the heterogeneous responses of plants with different characteristics. The main results are that an improvement in financial development increases the probability of exporting of more productive plants and those with foreign ownership operating in manufacturing sectors that are more dependent on external finance. Our estimates also show that financial development does not appear to improve the probability of exporting for relatively smaller and younger plants. This result suggests that, at least for the case of exporting in Chile, smaller and younger plants are not necessarily more likely to benefit than larger and older plants from improvements in access to credit.

Keywords: Exporting; Financial Development; Credit Constraints; Plant Level Data; Chile (search for similar items in EconPapers)
JEL-codes: F14 O16 O54 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2012-05
New Economics Papers: this item is included in nep-int and nep-lam
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.brandeis.edu/economics/RePEc/brd/doc/Brandeis_WP51.pdf First version, 2012 (application/pdf)

Related works:
Journal Article: Financial development, exporting and firm heterogeneity in Chile (2013) Downloads
Working Paper: Financial Development, Exporting and Firm Heterogeneity in Chile (2012) 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:brd:wpaper:51

Access Statistics for this paper

More papers in Working Papers from Brandeis University, Department of Economics and International Businesss School Contact information at EDIRC.
Bibliographic data for series maintained by Eliza Dumais ().

 
Page updated 2020-06-28
Handle: RePEc:brd:wpaper:51