Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10012315726
Using a dynamic panel threshold model, we find a nonlinear effect of financial development on participation in the global value chains for 92 countries. The effect is positive below a threshold and turns negative above it. We provide evidence supporting our explanation that when a country’s...
Persistent link: https://www.econbiz.de/10013412216