Arbeitspapier

Business conditions and default risks across countries

The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main contribution is to set up a general equilibrium model which allows us to derive sharp predictions concerning how key factors which shape a country's business and trade environment impact on the default risk of firms which operate in these environments. The predictions are in accord with readily available data.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 5541

Klassifikation
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Trade Policy; International Trade Organizations
Economic Integration
Firm Performance: Size, Diversification, and Scope
Thema
firm death
firm heterogeneity
business conditions and firm productivity
trade integration
Konkurs
Risiko
Standortfaktor
Außenwirtschaft
Unternehmen
Produktivität
Allgemeines Gleichgewicht
Theorie

Ereignis
Geistige Schöpfung
(wer)
Pflüger, Michael P.
Russek, Stephan
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2011

Handle
URN
urn:nbn:de:101:1-201104133551
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Pflüger, Michael P.
  • Russek, Stephan
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2011

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