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- W2353230591 abstract "An increasing quota of papers in international trade are dealing with the relation between rms liquidity constraints and export decision. If there exist xed costs to begin exporting activity then liquidity constraints become relevant for rm choices. To test how much nancial liquidity matters for exporting I use a productivity index (TFP) cleaned out from capital demand heterogeneity. In order to solve the problem of unobserved input (capital) price bias in production functions estimation I introduce credit constraints in the Olley and Pakes method (1996). Then employing liquidity indices used in business economics I verify that not only TFP matters for rms export decision, but there exists signi cant di¤erences in terms of liquidity among exporting and domestic rms. Keywords: Productivity, Credit constraints, Heterogenous rms, Trade JEL Classi cations: C14, D24, F10, F12, F13, F19, M40" @default.
- W2353230591 created "2016-06-24" @default.
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- W2353230591 date "2008-01-01" @default.
- W2353230591 modified "2023-09-23" @default.
- W2353230591 title "Liquidity Constraints and Firms Export Activity" @default.
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