Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74952
Authors: 
Damijan, Jože P.
Kostevc, Črt
Polanec, Sašo
Year of Publication: 
2011
Series/Report no.: 
LICOS Discussion Paper 277
Abstract: 
Recent theoretical models of international trade with heterogeneous firms feature instan- taneous adjustment of margins of exports to firm and market characteristics, and equality of distributions of margins of exports between new and incumbent exporters. By using the pop- ulation of Slovenian firms and their transaction-level trade data we document large differences between these firms that cannot be attributed to the differences in total factor productivity. This paper contributes to the field by demonstrating that access to financing, measured by eq- uity, debt-to-asset ratio and access to internal credit markets within firm groups, may account for an important part of observed differences in the extensive margins of exports between new and incumbent exporters.
Subjects: 
exports
multi-product firms
firm heterogeneity
financial constraints
JEL: 
D24
F12
F14
Document Type: 
Working Paper

Files in This Item:
File
Size
386.82 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.