Financial liberalization and the relationship-specificity of exports

Defever, Fabrice; Suedekum, Jens

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.

Citation

Defever, F., & Suedekum, J. (2014). Financial liberalization and the relationship-specificity of exports. Economics Letters, 122(3), https://doi.org/10.1016/j.econlet.2013.12.034

• Journal Article Type: Article
• Acceptance Date: Dec 22, 2013
• Online Publication Date: Dec 28, 2013
• Publication Date: Mar 1, 2014
• Deposit Date: Jun 23, 2016
• Publicly Available Date: Jun 23, 2016
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Electronic ISSN: 0165-1765
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 122
• Issue: 3
• DOI: https://doi.org/10.1016/j.econlet.2013.12.034
• Keywords: Financial Liberalization, Credit Constraints, Relationship-specificity, International Trade
• Public URL: https://nottingham-repository.worktribe.com/output/722443
• Publisher URL: http://www.sciencedirect.com/science/article/pii/S0165176513005739
• Related Public URLs: http://dx.doi.org/10.1016/j.econlet.2013.12.034