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Department of Agricultural, Environmental, and Development Economics


“Credit Constraints, Technology Choice and Exports: A Firm Level Study for Latin American Countries,

Review of Development Economics, March 2016.


Theoretical analysis shows that firms face credit constraints depending on their initial productivity and the cost of the credit. As a result, credit constrained firms may never be able to cross the minimum productivity threshold needed to enter and compete in a foreign market.  Empirical analysis using firm level data for five Latin American countries confirms that firms face credit constraints in technology adoption and the extensive margin of trade.

Publication type: 
Journal article
Date published: 
Tuesday, May 31, 2016