Michalski, Tomasz; Ors, Evren - HEC Paris (École des Hautes Études Commerciales) - 2014
Using inter-state banking deregulation in the U.S. as an exogenous experiment, the authors find that a 1% increase in banking integration between U.S. states caused a 0.164-0.184% increase in the foreign exports/domestic shipments ratio for U.S. state level exports in the years 1992-1996. They...