贸易与信贷:重新审视证据

IF 1 4区经济学 Q3 ECONOMICS

Review of International Economics Pub Date : 2023-11-23 DOI:10.1111/roie.12719

Eduardo Gutiérrez, Enrique Moral-Benito

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引用次数: 0

摘要

本文探讨了银行贷款冲击对西班牙企业出口行为的影响。为此，我们将公司-产品-目的地层面的出口数据与匹配的银行-公司数据集结合起来，其中包含2002年至2013年企业贷款的信息。有了这个数据集，我们确定了特定银行年度的信贷供应冲击，并在产品目的地层面估计了它们对企业出口的影响。根据我们的估计，信贷供给冲击对集约边际(出口金额)和广泛边际(出口决定)都有相当大的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Trade and credit: Revisiting the evidence

This paper explores the effects of bank lending shocks on the export behavior of Spanish firms. For that purpose, we combine data on exports at the firm-product-destination level with a matched bank-firm dataset incorporating information on the universe of corporate loans from 2002 to 2013. Armed with this dataset, we identify bank-year specific credit supply shocks and estimate their impact on firms' exports at the product-destination level. According to our estimates, credit supply shocks have sizable effects on both the intensive margin (amount exported) and the extensive margin of trade (decision to export).

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来源期刊

Review of International Economics ECONOMICS-

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The Review of International Economics is devoted to the publication of high-quality articles on a full range of topics in international economics. The Review comprises controversial and innovative thought and detailed contributions from other directly related fields such as economic development; trade and the environment; and political economy. Whether theoretical, empirical or policy-oriented, its relevance to real world problems is of paramount concern.