| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Financial development and the share of imported capital goods in developing countries : firm-level evidence |
| Autor/-in: | Fauceglia, Dario |
| DOI: | 10.1080/13504851.2015.1095997 |
| Erschienen in: | Applied Economics Letters |
| Band(Heft): | 23 |
| Heft: | 9 |
| Seite(n): | 656 |
| Seiten bis: | 659 |
| Erscheinungsdatum: | 2015 |
| Verlag / Hrsg. Institution: | Routledge |
| ISSN: | 1350-4851 1466-4291 |
| Sprache: | Englisch |
| Schlagwörter: | International trade; Financial development; Credit constraints; Capital goods; Imports |
| Fachgebiet (DDC): | 337: Weltwirtschaft und Handel |
| Zusammenfassung: | Firm-level estimations across a sample of seven developing countries suggest that a higher firm’s leverage – a proxy for credit constraints – reduces the share of imported capital goods in total capital expenditures. This result holds across different models such as a two-limit tobit and a fractional logit model. It is also confirmed after controlling for unobserved firm heterogeneity, state dependence or when using the share of property in total assets as an alternative credit constraint indicator. The results also indicate that the importance of credit constraints is significantly reduced in financially more developed countries. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/12843 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | Zentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
Dateien zu dieser Ressource:
Es gibt keine Dateien zu dieser Ressource.
Zur Langanzeige
Fauceglia, D. (2015). Financial development and the share of imported capital goods in developing countries : firm-level evidence. Applied Economics Letters, 23(9), 656–659. https://doi.org/10.1080/13504851.2015.1095997
Fauceglia, D. (2015) ‘Financial development and the share of imported capital goods in developing countries : firm-level evidence’, Applied Economics Letters, 23(9), pp. 656–659. Available at: https://doi.org/10.1080/13504851.2015.1095997.
D. Fauceglia, “Financial development and the share of imported capital goods in developing countries : firm-level evidence,” Applied Economics Letters, vol. 23, no. 9, pp. 656–659, 2015, doi: 10.1080/13504851.2015.1095997.
FAUCEGLIA, Dario, 2015. Financial development and the share of imported capital goods in developing countries : firm-level evidence. Applied Economics Letters. 2015. Bd. 23, Nr. 9, S. 656–659. DOI 10.1080/13504851.2015.1095997
Fauceglia, Dario. 2015. “Financial Development and the Share of Imported Capital Goods in Developing Countries : Firm-Level Evidence.” Applied Economics Letters 23 (9): 656–59. https://doi.org/10.1080/13504851.2015.1095997.
Fauceglia, Dario. “Financial Development and the Share of Imported Capital Goods in Developing Countries : Firm-Level Evidence.” Applied Economics Letters, vol. 23, no. 9, 2015, pp. 656–59, https://doi.org/10.1080/13504851.2015.1095997.
Alle Ressourcen in diesem Repository sind urheberrechtlich geschützt, soweit nicht anderweitig angezeigt.