An emerging new literature brings unique ideas from corporate finance to the study of
international trade and investment. Insights about differences in the development of financial …

We review the literature that studies the dynamics of firms in foreign markets, at both the
intensive and extensive margins, and their aggregate implications. We first summarize a set …

We estimate the elasticity of exports to credit using matched customs and firm-level bank
credit data from Peru. To account for non-credit determinants of exports, we compare …

Microeconomic evidence reveals a direct link between firms' current earnings and their
access to debt. This paper studies macroeconomic implications of earnings-based …

Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective | Annual Reviews
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This article studies the role of financial frictions as a barrier to international trade. We study
new exporter dynamics to identify how these frictions affect export decisions. We introduce a …

This paper adds new empirical evidence on the mutual relationships between credit
constraints, total factor productivity, Research and Development (R&D) investments and …

This paper studies the industry-level and aggregate implications of financial development on
international trade. I set up a multi-industry general equilibrium model of international trade …

We study the role of financial frictions and balance-sheet effects in accounting for the
dynamics of aggregate exports in large devaluations. We investigate a small open economy …

This paper uses matched data from the CSMAR database and the China City Statistical
Yearbook through a fixed effects model to examine the impact of business credit …