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The Influence of Industry Financial Composition on the Exports from Pakistan

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  • Aadil Nakhoda

    () (Institute of Business Administration (IBA), Karachi, Pakistan.)

Abstract

I determine the influence of the industry financial composition on the export flow between Pakistan and its trading partners. The importing countries are split according to their OECD membership status and their level of banking credit. The degree of financial dependence and asset tangibility of an industry may determine the ability of firms to obtain external finance and fund international trading activities. On the other hand, the level of financial development and exogenous shocks to the banking credit of the importing country is likely to impact the industry-level financial composition of the exports from Pakistan.

Suggested Citation

  • Aadil Nakhoda, 2014. "The Influence of Industry Financial Composition on the Exports from Pakistan," SBP Working Paper Series 67, State Bank of Pakistan, Research Department.
  • Handle: RePEc:sbp:wpaper:67
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    Keywords

    Financial Development; Financial Dependence; Asset Tangibility; Export Flow; Pakistan;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
    • G01 - Financial Economics - - General - - - Financial Crises

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