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Financial Development and Sustainable Exports: Evidence from Firm-Product Data

  • Jaud, Melise

    ()

    (World Bank)

  • Kukenova, Madina

    ()

    (International Trade Centre, Geneva)

  • Strieborny, Martin

    ()

    (Department of Economics, Lund University)

We combine a novel measure of export-related financial needs at the product level with a unique database of firm-product export data from five developing countries. Using the tools of survival analysis and controlling for firm and products fixed effects, we then examine the impact of financial development on the long-term trade. Finance matters for sustainable export performance, as goods with higher export-related financial needs disproportionately benefit from better financial development. Our results complement existing literature on finance and trade, which has relied on production-based measures of financial dependence at the industry or firm level.

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File URL: http://project.nek.lu.se/publications/workpap/papers/WP13_14.pdf
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Paper provided by Lund University, Department of Economics in its series Working Papers with number 2013:14.

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Length: 39 pages
Date of creation: 24 Apr 2013
Date of revision:
Handle: RePEc:hhs:lunewp:2013_014
Contact details of provider: Postal:
Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden

Phone: +46 +46 222 0000
Fax: +46 +46 2224613
Web page: http://www.nek.lu.se/en

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