How firms export: Processing vs. ordinary trade with financial frictions

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choice between processing and ordinary trade – im...

Full description

Bibliographic Details
Main Authors: Manova, K, Yu, Z
Format: Journal article
Language:English
Published: Elsevier 2016