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Liquidity Constrained Exporters

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NBER2013-06-01 更新2025-01-04 收录
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I build a model of international trade with liquidity constraints. If firms must pay some entry cost in order to access foreign markets, and if they face liquidity constraints to finance these costs, only those firms that have sufficient liquidity are able to export. A set of firms could profitably

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2013-06-01
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