Financial liberalization and the relationship-specificity of exports
AbstractWe investigate the causal impact of equity market liberalizations on sectoral export performance across 91 countries (1980–1997). The increased availability of external finance has boosted trade of industries that intensively use relationship-specific inputs, and lowered exports of industries using standardized inputs.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 122 (2014)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/ecolet
Financial liberalization; Credit constraints; Relationship-specificity; International trade;
Other versions of this item:
- Defever, Fabrice & Suedekum, Jens, 2013. "Financial Liberalization and the Relationship-Specificity of Exports," IZA Discussion Papers 7479, Institute for the Study of Labor (IZA).
- Defever, Fabrice & Suedekum, Jens, 2013. "Financial liberalization and the relationship-specificity of exports," DICE Discussion Papers 124, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- G20 - Financial Economics - - Financial Institutions and Services - - - General
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