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Financial liberalization and the relationship-specificity of exports

Defever, Fabrice; Suedekum, Jens

Authors

Fabrice Defever fabrice.defever@nottingham.ac.uk

Jens Suedekum jens.suedekum@uni-due.de

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.

Journal Article Type Article
Publication Date Mar 1, 2014
Journal Economics Letters
Print ISSN 0165-1765
Electronic ISSN 0165-1765
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 122
Issue 3
Institution Citation Defever, F., & Suedekum, J. (2014). Financial liberalization and the relationship-specificity of exports. Economics Letters, 122(3), doi:10.1016/j.econlet.2013.12.034
DOI https://doi.org/10.1016/j.econlet.2013.12.034
Keywords Financial Liberalization, Credit Constraints, Relationship-specificity, International Trade
Publisher URL http://www.sciencedirect.com/science/article/pii/S0165176513005739
Related Public URLs http://dx.doi.org/10.1016/j.econlet.2013.12.034
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0




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