Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76712
Authors: 
Raff, Horst
Trofimenko, Natalia
Year of Publication: 
2013
Series/Report no.: 
Kiel Working Paper 1848
Abstract: 
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for differences across firms in terms of labor productivity, size, etc., we find that foreign ownership and access to external finance are statistically significant determinants of the likelihood that a firm will export or import. Foreign ownership has a large positive impact on the likelihood to engage in direct trade but a negative effect on the likelihood to trade through intermediaries; the effects vary across upper and lower middle income countries. Access to external finance has a modest but positive effect on the likelihood to engage in any of the modes of connecting with foreign customers or suppliers.
Subjects: 
international trade
foreign ownership
financing
developing countries
intermediation
multinational enterprise
JEL: 
F12
F14
F23
O19
Document Type: 
Working Paper

Files in This Item:
File
Size
479.04 kB





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