Back to Search
Start Over
Credit constraints and margins of import: first evidence for German manufacturing enterprises
- Source :
- Wagner, J 2015, ' Credit constraints and margins of import : fist evidence for German manufacturing enterprises ' Applied Economics, vol 47, no. 5, pp. 415-430 . DOI: 10.1080/00036846.2014.969829, Wagner, J 2015, ' Credit constraints and margins of import : first evidence for German manufacturing enterprises ', Applied Economics, vol. 47, no. 5, pp. 415-430 . https://doi.org/10.1080/00036846.2014.969829
- Publication Year :
- 2014
- Publisher :
- Informa UK Limited, 2014.
-
Abstract
- This study uses tailor-made enterprise-level data for 2008–2010 from various sources for firms from manufacturing industries to test for the link between credit constraints, measured by a credit rating score provided by a leading credit rating agency, and imports in Germany for the first time. We find empirical evidence that a better credit rating score is positively related to extensive margins of import – firms with a better score have a higher probability to import, they import more goods and they source from more countries of origin. The intensive margin of imports – the share of imports in total sales – is found not to be related to credit constraints.
- Subjects :
- Economics and Econometrics
Economics
business.industry
Credit constraints
imports
Germany
International economics
Monetary economics
credit constraints
jel:F14
Credit rating
Margin (finance)
Credit history
Credit constraints, imports, Germany
Manufacturing
Agency (sociology)
Credit crunch
business
Empirical evidence
Productivity
Subjects
Details
- ISSN :
- 14664283 and 00036846
- Volume :
- 47
- Database :
- OpenAIRE
- Journal :
- Applied Economics
- Accession number :
- edsair.doi.dedup.....b953ac28fd696a2ddd040fee3af14e1d