| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14792 |
| DP14792 Trade Shocks and Credit Reallocation | |
| Stefano Federico; Fadi Hassan; Veronica Rappoport | |
| 发表日期 | 2020-05-21 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper shows that there are endogenous financial constraints arising from trade liberalization. Banks with a large share of loans on firms exposed to competition from China suffer an increase in non-performing loans and reduce their credit capacity. The drop in credit supply affects both firms directly exposed to import-competition from China, and firm expected to expand upon trade liberalization, with economically relevant implications in terms of employment, investment, and output. This financial spillover between losers and winners from trade retards the reallocation of factors of production between firms and sectors, crucial to the welfare implication of trade liberalization. |
| 主题 | International Trade and Regional Economics |
| URL | https://cepr.org/publications/dp14792 |
| 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/543722 |
| 推荐引用方式 GB/T 7714 | Stefano Federico,Fadi Hassan,Veronica Rappoport. DP14792 Trade Shocks and Credit Reallocation. 2020. |
| 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。
