We examine how credit constraints affect the cyclical behavior of productivity-enhancing
investment and thereby volatility and growth. We first develop a simple growth model where
firms engage in two types of investment: a short-term one and a long-term productivity- ...
K Manova - 2008 - nber.org
Three fundamental features of international trade flows are a predominance of zeros in the
bilateral trade matrix, great variation in the number of products countries export, and
substantial turnover in the product mix of exports over time. This paper provides evidence ...
K Manova - Journal of International Economics, 2008 - Elsevier
This paper provides evidence that credit constraints are an important determinant of
international trade flows. I exploit shocks to the availability of external finance and examine
the impact of equity market liberalizations on the export behavior of 91 countries in the ...
D Chor… - 2010 - nber.org
We study the collapse of international trade flows during the global financial crisis using
detailed data on monthly US imports. We show that credit conditions were an important
channel through which the crisis affected trade volumes, by exploiting the variation in the ...
[CITATION] Volatility and growth: Financial development and the cyclical composition of investment
P Aghion,
GM Angeletos, A Banerjee… - NBER Working paper, 2004
P Aghion,
GM Angeletos, A Banerjee… - Journal of Monetary …, 2010 - Elsevier
How does uncertainty and credit constraints affect the cyclical composition of investment and
thereby volatility and growth? This paper addresses this question within a model where firms
engage in two types of investment: a short-term one; and a long-term one, which ...
K Manova, Z Zhang… - 2009 - nber.org
Abstract. This paper examines the variation in export prices across firms, products and
destinations to distinguish between alternative trade models with firm heterogeneity in
productivity and quality. We use a unique new dataset on the universe of Chinese trading ...
K Manova, SJ Wei… - 2011 - nber.org
This paper provides firm-level evidence that credit constraints restrict international trade
flows and affect the pattern of foreign direct investment. Using detailed data from China, we
show that foreign-owned affiliates and joint ventures have better export performance than ...
K Manova, Z Zhang - 2009 - nber.org
This paper uses newly available data on Chinese trade flows to establish novel and confirm
existing stylized facts about firm heterogeneity in trade. First, the bulk of exports and imports
are captured by a few multi-product firms that transact with a large number of countries. ...
K Manova, Z Zhang - 2009 - nber.org
This paper establishes six new stylized facts about firms' export prices using recently-
released customs data on the universe of Chinese trade flows. First, firms that charge higher
export prices earn greater revenues in each destination, have bigger worldwide sales, ...
K Manova - 2005 - papers.ssrn.com
Abstract: Traditional explanations of export composition focus on comparative advantage
arising from relative factor endowments and production technologies. This paper provides
evidence of an additional comparative advantage channel based on the level of financial ...
K Manova, Z Zhang - The Quarterly Journal of Economics, 2012 - qje.oxfordjournals.org
Abstract This article establishes six stylized facts about firms' export prices using detailed
customs data on the universe of Chinese trade flows. First, across firms selling a given
product, exporters that charge higher prices earn greater revenues in each destination, ...
HP Chor, L Davin, CF Foley, M Kalina… - 2008 - ink.library.smu.edu.sg
Abstract We present evidence that the level of nancial development in FDI recipient
countries system-atically a® ects the spatial distribution of multinational corporations'(MNCs)
sales. Using detailed proprietary survey data collected by the Bureau of Economic ...
D Chor… - Journal of International Economics, 2011 - Elsevier
Abstract We study the collapse of international trade ows during the global financial crisis
using detailed data on monthly US imports. We show that credit conditions were an
important channel through which the crisis affected trade volumes, by exploiting the ...
K Manova - Trade Adjustment Costs in Developing …, 2010 - siteresources.worldbank.org
In standard trade theory, gains from international trade result from countries exploring their
comparative advantage as shaped by consumer preferences, factor endowments, and
production technologies. The more recent trade literature emphasizes the role of firm ...
[CITATION] Off the cliff and back
D Chor… - Credit Conditions and International Trade, 2011
[CITATION] oQuality Heterogeneity across Firms and Export Destinations, pmimeo
KB Manova… - 2009 - Stanford University
[CITATION] Volatility and Growth: Credit Constraints
P Aghion, M Angeletos, A Banerjee… - 2005
[CITATION] sVolatility and Growth: Credit Constraints and the Composition of Investmentt
M Angeletos, P Aghion, A Banerjee… - 2007 - mimeo MIT
[CITATION] Shang (Jin Wei, and Zhiwei Zhang (2009)
K Manova - VFirm Exports and Multinational Activity under Credit …
[CITATION] forthcoming.“Export Prices Across Firms and Destinations.”
K Manova, Z Zhang - The Quarterly Journal of Economics
[CITATION] forthcoming,“Off the Cliff and Back? Credit Conditions and International Trade during the Global Financial Crisis,”
D Chor… - Journal of International Economics
[CITATION] Volatility, R&D and growth
P Aghion, M Angeletos, A Banerjee… - 2004 - mimeo, Harvard University
K Manova… - 2006 - stanford.edu
Abstract. We examine how firm productivity, product and client specialization, and
neighborhood spillovers shape firms' exporting decisions in the information technology (IT)
industry. We study a new firm-level dataset on IT outsourcing firms in India and present ...
[CITATION] Credit Constraints, Heterogeneous Firms and International Trade," mimeo, Stanford University
K Manova - 2006
[CITATION] Credit constraints and international trade: a firm-level analysis
K Manova, SJ Wei… - 2009 - Stanford University (in progress)
[CITATION] Volatility and Growth: Credit Constraints and Prodcutivity-Enhancing Investment
A Philippe, GM Angeletos, A Banerjee… - NBER Working Paper, 2005
[CITATION] Credit Constraints in Trade: Financial development
K Manova - 2005
[CITATION] The Effect of Currency Unions on Trade: Its Evolution Since 1948 and with the Age of Unions
KB Manova - 2002 - Harvard University
PAGMA Abhijit… - 2004 - elsa.berkeley.edu
Abstract This paper investigates how financial development affects the cyclical behavior of
the composition of investment and thereby volatility and growth. We first consider an
endogenous growth model in which firms engage in two types of investment, a short-term ...
PAGMA Abhijit… - aida.econ.yale.edu
Abstract This paper investigates how financial development affects the cyclical behavior of
the composition of investment and thereby volatility and growth. We first develop a simple
endogenousgrowth model in which firms engage in two types of investment: a short-term ...
K Manova, Z Zhang - 2011 - aeaweb.org
Abstract This paper establishes four new stylized facts about the operations of multi&product
firms using detailed customs data for China. First, manufacturers generate higher bilateral
and global sales from their more expensive products. Second, exporters focus on their ...
KB Manova - 2007 - gradworks.umi.com
UMI, ProQuest ® Dissertations & Theses. The world's most comprehensive collection
of dissertations and theses. Learn more... ProQuest, The role of credit constraints in
international trade and growth. by Manova, Kalina Bojidarova ...
Abstract We examine how credit constraints affect the cyclical behavior of productivity-
enhancing investment and thereby volatility and growth. We first develop a simple growth
model where firms engage in two types of investment: a short-term one and a long-term ...
PAGMA Abhijit… - 2007 - pages.uoregon.edu
Abstract This paper examines how uncertainty and credit constraints affect the composition
of investment and thereby volatility and growth. We develop a model where firms engage in
two types of investment: a short-term one; and a long-term one, which contributes more to ...
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