French Exporters and the Global Crisis
Book section: Detailed firm-level data on French exporters suggests most of the trade collapse occurred in exporters' volumes rather than the number of exporters. Small exporters suffered similarly to their larger counterparts. There is clear evidence that the impact was greatest on firms in sectors that rely most heavily on external finance. Thus, the crisis may not have long-lasting effects on aggregate export capacity – the reservoir of small and promising firms has not been decimated- but firms may reorganise to reduce vulnerability to external financing.
Author(s)
Lionel Fontagné, Guillaume Gaulier
Publisher(s)
- CEPR, London
Scientific editor(s)
- Richard Baldwin
Collection
- e-book VOX
Title of the work
- The Great Trade Collapse: Causes, Consequences and Prospects
Date of publication
- 2009