Credit Provided To The Private Sector And Exports: Evidence From 45 Developing countries

The purpose of this study was to investigate the role of credit provided to the private sector in the share of exports in production of an economy and its impact on the export performance and dynamics of firms in foreign markets. According to recent literature of international trade we expected with resolves credit constraints and ease of firms in financing، their performance in export markets Increased. Therefore، with using statistical data on 45 countries under the panel cointegration approach and Granger causality examined this relationship in macro-level، then with using the generalized method of moments investigating credits impact on firms'' export behavior and performance. The results indicate that increasing in credits increase the share of exports in production. It is also confirmed a positive impact on the number of exporters، number of destinations and firm entry rate into export markets. As a result، access to credits can be seen as a comparative advantage in international trade.