Publications

An Empirical Analysis of Interest Rates and Exports under Imperfect Credit Markets

ARTICLE | Applied Economics Letters | Vol. 22, 2015

Abstract

This article studies the empirical relationship between interest rates and exports under imperfect credit markets. Our findings show that a well-developed credit market with ample credits has a positive effect on exports and interest rates exert a negative effect on exports. In particular, we find that in a well-developed credit market with ample credits, interest rates have a stronger negative effect on the exports.