| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7839 |
| DP7839 Exports Versus FDI Revisited: Does Finance Matter? | |
| Monika Schnitzer; Claudia Buch; Iris Kesternich; Alexander Lipponer | |
| 发表日期 | 2010-05-24 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | The crisis on international financial markets that started in 2007 has shown the potential links between the financial sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack of demand, but also because of restricted access of firms to external finance. In this paper, we explore the impact of access to external finance on firms? choices to export or to engage in FDI. We simultaneously model a firm?s decision to engage in FDI and in exports, and we assess the importance of financial factors for this choice (the extensive margin) as well as for the volume of activities (the intensive margin). We find that financial frictions matter, in particular for the decision to engage internationally. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Exports versus fdi Financial constraints Heterogeneity Multinational firms Productivity |
| URL | https://cepr.org/publications/dp7839 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536677 |
| 推荐引用方式 GB/T 7714 | Monika Schnitzer,Claudia Buch,Iris Kesternich,et al. DP7839 Exports Versus FDI Revisited: Does Finance Matter?. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
