Heterogeneous Productivity,Trade Credit and Enterprises′ Export in China

This paper examines the roles of and trade credit in export by using persistent 8 932 enterprises panel data in Northeast China from 2005 to 2008,and finds that the total factor and trade credit in export enterprises are higher than non-export enterprises′.This finding shows that there isn′t productivity paradox in China and that high and avoiding the difficulties of domestic trade credit are the determinants of export.And through the endogenous analysis of trade credit,it is found that the results are robust;Moreover,this paper also finds that ownership and firm size promote export,while firm profit and the establishment of firm life haven′t significant impact on enterprises′ export.Hence,enhancing business efficiency,improving enterprise operational mechanism and perfecting social credit system are the practical problems to be solved urgently in our country.