An empirical analysis of interest rates and exports under imperfect credit markets

作者：Chen, Pu^*; Xu, Nan; Wang, Chunyang

来源：Applied Economics Letters, 2015, 22(13): 1078-1082.

DOI：10.1080/13504851.2014.1002882

• private credit
• imperfect credit market
• exports
• interest rates
• G3
• F1
• F4

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.

• 出版日期2015-9-2
• 单位中国人民大学; 对外经济贸易大学; 北京大学