Credit and Exports: Lessons From Micro-Level Data
综述了信贷可得性如何影响企业出口的最新证据,利用微观数据揭示金融状况对出口进入、生存和增长的作用机制,并指出未来研究方向。
This article reviews recent evidence on how credit availability shapes exports. Advances in empirical strategies and the increasing availability of detailed firm- and transaction-level data shed light on mechanisms linking firms’ financial conditions to their entry, survival, and growth in export markets. Emerging work on the interaction between bank and trade credit highlights additional channels affecting export contracts. We conclude by outlining open questions and directions for future research.