Propensity to Export of Italian Firms: Does Local Financial Development Matter?
AbstractDoes local banking development stimulate firms' propensity to export? This is the question on which we try to shed light in this article. Indeed, the purpose of our paper is twofold. From a theoretical point of view we aim at demonstrating that in a country with an industrial structure consisting primarily of small and medium-sized firms strongly dependent from local banks, local financial development might represent an additional element influencing firms' propensity to export. At the same time, we provide empirical evidence on this relationship for Italy that can be considered a very interesting case given its high degree of heterogeneity in term of local financial development across geographical areas. Previous literature has shown that finance is relevant for international trade at the country or industry level. We show that it is relevant at the firm level. Specifically we provide evidence that local banking development affects the propensity to exporting, especially for small and medium sized firms.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by SIE - Societa' Italiana degli Economisti (I) in its journal Rivista Italiana degli Economisti.
Volume (Year): 17 (2012)
Issue (Month): 2 (August)
Find related papers by JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SIE).
If references are entirely missing, you can add them using this form.