Export starters and exiters: Do innovation and finance matter?

نویسندگان

چکیده

Using European Central Bank restricted-access biannual data on small- and medium-sized enterprises (SMEs) over the period 2014–2017, we analyze impact that innovation, financial constraints, an efficient regulatory environment exert probability of switching from status nonexporter to exporter vice versa. We find either use finance for innovation or undertaking product increases likelihood starting export lowers stopping exporting. Although SMEs’ frictions are negligible foreign market entry, they matter increasing exiting. also document a friendly is conducive start—but not stop—exporting. Our findings provide empirical support recent Commission policies both internationalization access finance.

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ژورنال

عنوان ژورنال: Structural Change and Economic Dynamics

سال: 2021

ISSN: ['0954-349X', '1873-6017']

DOI: https://doi.org/10.1016/j.strueco.2020.11.004