The Effect of Bank Credit and the Trade Patterns of Colombian Exporters

Roa, Monica; Molina, Danielken

doi:10.36095/banxico/di.2017.19

Cited by 1 publication

(2 citation statements)

References 26 publications

(52 reference statements)

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“…The authors found a positive effect of credit on exporter's revenue, and their study further analyzed the impact of credit on the size of the manufacturer to show that medium and large manufacturers tend to use credit for exploring market destinations and reach. At the same time, Molina and Roa (2014) observed no significant gain of credit for small manufacturers. Erkan et al (2010) determined the effect of internal energy consumption on exports in Turkey for the period 1970 to 2006 by using cointegration and Granger causality tests and impulse response functions.…”

Section: Literature Reviewmentioning

confidence: 86%

“…To avoid its hostile impacts on sector growth, steady liberalization of energy prices for agricultural usage is suggested. Molina and Roa (2014) followed the reverse causality approach to test the association between the demand for domestic credit and export presentation of Colombian exports. The authors found a positive effect of credit on exporter's revenue, and their study further analyzed the impact of credit on the size of the manufacturer to show that medium and large manufacturers tend to use credit for exploring market destinations and reach.…”

Section: Literature Reviewmentioning

confidence: 99%

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Investigating Export Determinants: A Time Series Evidence From Canada

2022

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Export is an important macroeconomic factor that can elevate a country’s output performance and raise employment opportunities, in any economy. Any country may expand the number of its allies through exports. Foundation trade theories, like absolute advantage and comparative advantage, suggest that a country should export the product with greater absolute or comparative advantage. This sheds light on allocating the optimal resources for producing low-price products and flouting the idea of specialization among the countries of the world. The present study explores the factors that may influence the export performance of a developed economy like Canada from 1979 to 2019. The study findings provide evidence of the absence of multicollinearity and that the data series for the selected functional form of the study is stationary at mixed order. The results of the ARDL bounds test confirm long-run cointegrating relations between exports and its determinants for Canada. The results further reveal that per capita energy consumption and government final consumption expenditures significantly elevate export performance in both the long and short run, while population size significantly elevates exports performance only in the long run in Canada. Moreover, the findings also expose that real effective exchange rate significantly reduces exports in both the long and short run in Canada: This means that by depreciating Canadian currency, Canadian exports will be boosted. The real interest rate reports a negative but insignificant impact on the Canadian export function in both the long and short run. Finally, the CUSUM and CUSUM Square graphs confirm the stability of the estimated coefficients for the Canadian export function for the selected sample of the study.

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Section: Literature Reviewmentioning

confidence: 86%

Section: Literature Reviewmentioning

confidence: 99%