Financial dependence and international trade, Vol. 1 of 1

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Financial dependence and international trade

Author:	Beck, Thorsten;	Collection Title:	Policy, Research working paper ; WPS 2609
Country:	World;	Date Stored:	2004/01/29
Document Date:	2001/05/01	Document Type:	Policy Research Working Paper
Language:	English	Region:	The World Region
Report Number:	WPS2609	SubTopics:	Environmental Economics & Policies; International Terrorism & Counterterrorism; Economic Theory & Research; Payment Systems & Infrastructure; Banks & Banking Reform; Free Trade; Financial Economics
Volume No:	1 of 1

Summary: Does financial development translate into a comparative advantage in industries that use more external finance? The author uses industry-level data on firms' dependence on external finance for 36 industries and 56 countries to examine this question. The author shows that countries with better-developed financial systems have higher export shares and trade balances in industries that use more external finance. These results are robust to the use of alternative measures of external dependence and financial development and are not due to reverse causality or simultaneity bias.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 33 pages	Official version*	2.31 (approx.)
	Text	Text version**


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File Type		Description	File Size (mb)

	PDF 33 pages	WPS2609	0.29

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