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dc.titleThe Effect of Credit on the Export Performance of Colombian Exporters
dc.contributor.authorMolina, Danielken
dc.contributor.authorRoa, Mónica
dc.contributor.orgunitProductivity, Trade and Innovation Sector
dc.coverageColombia
dc.date.available2014-06-16T00:00:00
dc.date.issue2014-05-02T00:00:00
dc.description.abstractIn this paper we use Colombian manufacturing data on exports and external financing for the period 1998 - 2006 to estimate the credit elasticity of exports. We use bank-firm linked data to construct a supply side instrument for a manufacturer's demand of credit, which we use to address the reverse causality between a manufacturer's export revenue and its demand for credit. We find that access to credit produces a significant increase on a manufacturer's export revenue explained by the positive effect of credit on an exporter's market reach - number of destinations -. Across manufacturers the effect of credit on a manufacturer's export revenue varies by size. While medium sized manufacturers use credit to increase their market reach, market penetration and product mix, large manufacturers only use credit to increase their market reach. Small manufacturers do not seem to benefit from bank credit.
dc.format.extent33
dc.identifier.doihttp://dx.doi.org/10.18235/0011639
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Effect-of-Credit-on-the-Export-Performance-of-Colombian-Exporters.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectMicrobusiness
dc.subjectIntegration and Trade
dc.subject.jelcodeF14 - Empirical Studies of Trade
dc.subject.jelcodeG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages
dc.subject.keywordsProduct mix;Export performance;Bank credit;Export revenue
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1212
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