Resumo

RESTREPO, Sergio; NINO, Jorge  e  MONTES, Enrique. Colombian international trade and its finance with local banks: A firm level analysis. Lect. Econ. [online]. 2014, n.81, pp.115-153. ISSN 0120-2596.

In this paper, we estimate the elasticity of exports and imports with respect to credit granted by commercial banks in Colombia using firm-level cross-section data. Replicating the methodology used in Paravisini et al. (2011), we found that a reduction in credit of 10% reduces the value exported and imported in 3.95% and 5.12%, and the volume in 2.33% and 3.63%, respectively. Instrumental variable panel data methodology is used to control for other factors affecting the demand for credit by firms.

Palavras-chave : Panel data; instrumental variables; international trade; credit.

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