International trade and finance: A review
The emphasis of international trade theories shifted in the last forty years, from comparative advantage, to scale economies and product differentiation. More recently, the “new” new trade theories have stressed the role of firm heterogeneity, which has led to a renewed interest on the study of how...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universidad de Huelva
2018-05-01
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| Series: | Revista de Economía Mundial |
| Subjects: | |
| Online Access: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3886 |
| _version_ | 1797267317917220864 |
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| author | Oscar Bajo-Rubio Burcu Berke |
| author_facet | Oscar Bajo-Rubio Burcu Berke |
| author_sort | Oscar Bajo-Rubio |
| collection | DOAJ |
| description |
The emphasis of international trade theories shifted in the last forty years, from comparative advantage, to scale economies and product differentiation. More recently, the “new” new trade theories have stressed the role of firm heterogeneity, which has led to a renewed interest on the study of how credit constraints may hamper the export activities of firms. In this paper, we provide a brief survey of the relationship between international trade and finance, a field that only recently has been the subject of systematic analysis in the economic literature, from both a theoretical and empirical point of view. In general, barriers to external financing play a significant role as an obstacle to the exporting activity of firms, especially for younger and smaller firms; and these results would have been reinforced by the global financial crisis.
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| first_indexed | 2024-04-25T01:14:40Z |
| format | Article |
| id | doaj.art-56ab4200365c45798a3f0e7d1438424b |
| institution | Directory Open Access Journal |
| issn | 1576-0162 2340-4264 |
| language | English |
| last_indexed | 2024-04-25T01:14:40Z |
| publishDate | 2018-05-01 |
| publisher | Universidad de Huelva |
| record_format | Article |
| series | Revista de Economía Mundial |
| spelling | doaj.art-56ab4200365c45798a3f0e7d1438424b2024-03-09T11:50:31ZengUniversidad de HuelvaRevista de Economía Mundial1576-01622340-42642018-05-014910.33776/rem.v0i49.3886International trade and finance: A reviewOscar Bajo-Rubio0Burcu Berke1Universidad de Castilla-La ManchaNi?de Ömer Halisdemir University The emphasis of international trade theories shifted in the last forty years, from comparative advantage, to scale economies and product differentiation. More recently, the “new” new trade theories have stressed the role of firm heterogeneity, which has led to a renewed interest on the study of how credit constraints may hamper the export activities of firms. In this paper, we provide a brief survey of the relationship between international trade and finance, a field that only recently has been the subject of systematic analysis in the economic literature, from both a theoretical and empirical point of view. In general, barriers to external financing play a significant role as an obstacle to the exporting activity of firms, especially for younger and smaller firms; and these results would have been reinforced by the global financial crisis. https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3886International tradeFinancial constraintsExternal financingExports |
| spellingShingle | Oscar Bajo-Rubio Burcu Berke International trade and finance: A review Revista de Economía Mundial International trade Financial constraints External financing Exports |
| title | International trade and finance: A review |
| title_full | International trade and finance: A review |
| title_fullStr | International trade and finance: A review |
| title_full_unstemmed | International trade and finance: A review |
| title_short | International trade and finance: A review |
| title_sort | international trade and finance a review |
| topic | International trade Financial constraints External financing Exports |
| url | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3886 |
| work_keys_str_mv | AT oscarbajorubio internationaltradeandfinanceareview AT burcuberke internationaltradeandfinanceareview |