报告题目：Destination Trade Credit and Exports

报告人：曾帅（复旦大学）

报告时间：2023年2月24日（星期五）下午2:00-3:15

报告地点：商院大楼212

邀请部门：经济学系

报告人简介：曾帅，复旦大学经济学院博士研究生，论文发表于《金融研究》、《南开经济研究》、China Economic Review等国内外期刊。

报告摘要：We examine the impact of destination trade credit (DTC) on exports, using cross-country panel data and focusing on financing by foreign trade partners. We find DTC promotes a country’s exports disproportionately more in liquidity-dependent industries, a consistent result after addressing endogeneity and various robustness tests. Further, the effect is greater if the level of financial development of the source country is lower, but smaller if the product complexity of industries becomes higher. DTC mainly promotes trade by increasing export quantity, while lowering export prices and export varieties. During the 2008 global financial crisis, DTC also contributes to export expansion, but the effect is relatively small.