Financial liberalization and the relationship-specificity of exports

Defever, Fabrice; Suedekum, Jens

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/88552

Title:

Financial liberalization and the relationship-specificity of exports

Authors:

Defever, Fabrice
Suedekum, Jens

Year of Publication:

2013

Series/Report no.:

DICE Discussion Paper No. 124

Publisher:

Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), Düsseldorf

Abstract:

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.

Subjects:

financial liberalization
credit constraints
relationship-specificity
international trade

JEL:

F14
F36
G20

ISBN:

978-3-86304-123-6

Document Type:

Working Paper

Appears in Collections:

DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE), Heinrich Heine University Düsseldorf

Files in This Item:

File