Discussion Paper

No. 2015-16 | March 09, 2015
Credit Constraints and the Extensive Margins of Exports: First Evidence for German Manufacturing

Abstract

This paper uses a unique newly constructed data set to investigate for the first time the link between credit constraints and the extensive margins of exports in Germany, one of the leading actors on the international market for goods. In line with theoretical considerations and comparable results reported for a small number of other countries the author reports a negative impact of credit constraints on both the number of goods exported and the number of export destination countries that is both statistically highly significant and large from an economic point of view.

JEL Classification:

F14

Assessment

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Links

Cite As

Joachim Wagner (2015). Credit Constraints and the Extensive Margins of Exports: First Evidence for German Manufacturing. Economics Discussion Papers, No 2015-16, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2015-16


Comments and Questions


Anonymous - Referee Report 1
March 10, 2015 - 08:21

see attached file


Joachim Wagner - Reply to Referee Report 1
March 12, 2015 - 10:25

see attached file