If product demand from abroad has a low correlation with domestic demand, we would expect export-intensive firms to have greater cashflow stability than firms that only sell domestically. This implies that they would also be able to support higher financial leverage. We test this hypothesis by looking at a sample of Indian firms. The hypothesis is tentatively accepted. Export Intensity and Fina...

Petroleum (crude oil) is one of the most important resources of energy and its demand and consumption is growing while it is a non-renewable energy resource. Hence forecasting of its demand is necessary to plan appropriate strategies for managing future requirements. In this paper, three types of time series methods including univariate Seasonal ARIMA, Winters forecasting and Transfer Function-...

We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the precrisis destinations of firms’ exports. Because the shocks were unanticipated and large, they are a plausible instrument for identifying the impact of exporting on firm productivity and other outcomes. We find that firms whose expo...

In recent decades the weight of exports in economic activity has been increasing. Hence great importance is given to analysing the determinants of their behaviour. When such analysis is carried out, it often considers the determining variables to be only those that affect export demand, particularly competitiveness and external demand. Thus it does not take into account the factors that can inf...