Detalle del registro

Access to banking finance and exporting

Universidad de Chile. Repositorio Académico

Título Access to banking finance and exporting
Autor López, Ricardo A.
Álvarez, Roberto
Descripción Using firm-level data from the manufacturing sector of Chile for the period 1995-2002, we
examine whether access to finance increase the probability of exporting. To do that, we
exploit information of firms´ access to banking debt and changes in the real exchange rate
(RER) to identify the causal effect of finance on exporting. This is an interesting setting given
that the Chilean economy experienced a sustained RER depreciation since 1999, increasing
export profitability. We use these changes in RER as a quasi-experiment to study the impact of
access to banking finance. Our results show that RER depreciations increase the probability of
exporting for firms with access to banking finance and especially for firms in industries with
higher financial needs. These results are robust to control for other firm characteristics
affecting the probability of exporting and also to time varying industry-specific shocks that
may affect export performance and banking finance.
Fecha 2014-12-11T20:14:49Z
Tipo Documento de trabajo
Idioma en_US
Relación Serie de documentos de trabajo;387
Derechos Attribution-NonCommercial-NoDerivs 3.0 Chile
Publicador Universidad de Chile, Facultad de Economía y Negocios