Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Credit constraints and firm imports of capital goods : evidence from middle- and low-income countries
Authors: Fauceglia, Dario
DOI: 10.1016/j.inteco.2014.07.002
Published in: International Economics
Volume(Issue): 140
Pages: 1
Pages to: 18
Issue Date: 2014
Publisher / Ed. Institution: Elsevier
ISSN: 2110-7017
2542-6869
Language: English
Subjects: International trade; Capital imports; Machinery and equipment; Financial development; Credit constraints
Subject (DDC): 337: International economics and commerce
Abstract: Using firm-level data across developing countries, this paper estimates the effect of credit constraints on machinery and equipment imports (i.e. capital imports). We infer credit constraints from survey questions on the availability and cost of finance instead of relying on firms’ financial situation. After accounting for the potential endogeneity of self-reported credit constraints, the analysis suggests that the probability to import capital goods reduces to almost zero for credit constrained firms. This finding holds after controlling for other relevant firm characteristics and across various specifications and models.
URI: https://digitalcollection.zhaw.ch/handle/11475/12841
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Center for Economic Policy (FWP)
Appears in collections:Publikationen School of Management and Law

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