Publication type: Conference paper
Type of review: No review
Title: Finance constraints and firm imports of capital goods : evidence from middle- and low-income countries
Authors: Fauceglia, Dario
et. al: No
Conference details: 15th Annual ETSG Conference, Birmingham, UK, 12-14 September 2013
Issue Date: 2013
Language: English
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 & equipment imports (=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://www.etsg.org/ETSG2013/Papers/193.pdf
https://digitalcollection.zhaw.ch/handle/11475/18275
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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