Background: In the context of South Africa’s commitment to export-led growth, attention has traditionally centred on expanding the export base through new products and markets. However, a substantial share of the country’s trade performance is…
When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…