Economics, Econometrics and Finance
4 years ago

Imports Drive Innovation and Export Success Through Access to Finance.

Chapters
Firms’ Patterns of Trade and Access to Finance
Jože P. Damijan, Crt Kostevc

Paper Summary

The article discusses how firms benefit from trading and having access to finance. Importing goods helps firms by giving them more options for materials and lowering costs. It also encourages innovation and the creation of new products, which can lead to starting to export. Finance is crucial for firms to survive and grow in export markets.

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