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Financial liberalization and the relationship-specificity of exports

Defever, Fabrice; Suedekum, Jens


Fabrice Defever

Jens Suedekum


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.


Defever, F., & Suedekum, J. (2014). Financial liberalization and the relationship-specificity of exports. Economics Letters, 122(3),

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
Keywords Financial Liberalization, Credit Constraints, Relationship-specificity, International Trade
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DefeverSuedekum2013_Liberalization_and_RelationshipSpecificity.pdf (841 Kb)

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