Credit and Exports: Lessons From Micro-Level Data

This article reviews recent evidence on how credit availability shapes exports. Advances in empirical strategies and the increasing availability of detailed firm- and transaction-level data shed light on mechanisms linking firms’ financial conditions to their entry, survival, and growth in export markets. Emerging work on the interaction between bank and trade credit highlights additional channels affecting export contracts. We conclude by outlining open questions and directions for future research.

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Publication Details

Journal
Annual Review of Economics
Published
2026-06-09
DOI
https://doi.org/10.1146/annurev-economics-051624-055456
Primary Topic
Working Capital and Financial Performance
Type
article
Field-Weighted Citation Impact
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article

Credit and Exports: Lessons From Micro-Level Data

Veronica Rappoport, Banu Demir
Annual Review of Economics
Working Capital and Financial Performance
article

Credit and Exports: Lessons From Micro-Level Data

Veronica Rappoport, Banu Demir
article en

Abstract

This article reviews recent evidence on how credit availability shapes exports. Advances in empirical strategies and the increasing availability of detailed firm- and transaction-level data shed light on mechanisms linking firms’ financial conditions to their entry, survival, and growth in export markets. Emerging work on the interaction between bank and trade credit highlights additional channels affecting export contracts. We conclude by outlining open questions and directions for future research.

Annual Review of Economics
Bilkent University (TR), University of Oxford (GB), Centre for Economic Policy Research (GB), Science Oxford (GB), London School of Economics and Political Science (GB)
Openalex Percentile: Top 3%
Working Capital and Financial Performance
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