Financial liberalization and the relationship-specificity of exports

We 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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Year of publication:	2013
Authors:	Defever, Fabrice ; Suedekum, Jens
Institutions:	Düsseldorf Institute for Competition Economics (DICE), Wirtschaftswissenschaftliche Fakultät
Subject:	financial liberalization \| credit constraints \| relationship-specificity \| international trade

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Extent:	application/pdf
Series:	DICE Discussion Papers. - ISSN 2190-9938.
Type of publication:	Book / Working Paper
Notes:	Number 124
Classification:	F14 - Country and Industry Studies of Trade ; F36 - Financial Aspects of Economic Integration ; G20 - Financial Institutions and Services. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010956711