Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93900
Authors: 
Gorodnichenko, Yuriy
Schnitzer, Monika
Year of Publication: 
2010
Series/Report no.: 
SFB/TR 15 Discussion Paper 341
Abstract: 
We examine micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm-specific financial constraints. We find that financial constraints restraint heability of domestically owned firms to innovate and export and hence to catch up to the technological frontiers. This negative effect is amplified as financial constraints force export and innovation activities to become substitutes although they are generally natural complements.
Subjects: 
innovation
productivity
financial constraint
export
technology frontier
BEEPS
JEL: 
O3
O16
F1
G3
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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