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Export Survival and Foreign Financing

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dc.description.abstract Exporting is a finance intensive activity. However, exporters may be confronted with domestic credit constrains and/or high costs of funding in domestic financial markets. This paper investigates whether foreign financing gives exporters better financing conditions and, through this channel, increases their prospects for export survival. For this purpose, it develops a simple theoretical model and performs empirical analysis by using a rich dataset on trade flows and financial characteristics of Argentine firms. In contrast with existing literature, our analysis relies on instrumental variables and can thus establish a causal impact of foreign credit on export survival. The results remain robust to the use of conventional survival analysis setups, such as probit random effects and clog-log duration models. en
dc.title Export Survival and Foreign Financing en
dc.contributor.author D'Amato, Laura
dc.contributor.author Sangiácomo, Máximo
dc.contributor.author Tobal, Martin
dc.date.accessioned 2018-02-13T20:13:28Z
dc.date.available 2018-02-13T20:13:28Z
dc.date.issued 2018-02-13
dc.identifier.uri http://lacer.lacea.org/handle/123456789/64537
lacea.language.supported en
dc.description Working paper
dc.language.iso en
dc.subject Export Survival
dc.subject Foreign Financing
dc.subject International Trade
dc.type Working Paper


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