EconPapers    
Economics at your fingertips  
 

Financial vulnerability and export dynamics

Melise Jaud, Youssouf Kiendrebeogo () and Marie†Ange Véganzonès†Varoudakis

The World Economy, 2018, vol. 41, issue 6, 1640-1663

Abstract: This paper examines the implication of financial shocks on firms’ export dynamics in developing economies. To address this question, we use the Exporter Dynamics Dataset, which contains new data on the microstructure of exports for 34 developing countries between 1997 and 2011, and investigate how exporter behaviour is affected by financial crises. We find that financial crises in both the origin and destination countries have a large negative effect on firm, product and destination dynamics, particularly in industries dependent on external finance. Financial crises make the costs of exporting more difficult to meet and in turn reduce firms’ ability to start exporting, introduce new products and sell to new destinations. We also find that the impact of financial crises is less pronounced in exporting countries with relatively more open capital accounts, suggesting that portfolio inflows may be a good substitute for underdeveloped domestic financial markets.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/twec.12596

Related works:
Working Paper: Financial vulnerability and export dynamics (2017)
Working Paper: Financial Vulnerability and Export Dynamics (2015) Downloads
Working Paper: Financial Vulnerability and Export Dynamics (2015) Downloads
Working Paper: FINANCIAL VULNERABILITY AND EXPORT DYNAMICS (2015) Downloads
Working Paper: Financial Vulnerability and Export Dynamics (2015) Downloads
Working Paper: Financial Vulnerability and Export Dynamics (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:worlde:v:41:y:2018:i:6:p:1640-1663

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0378-5920

Access Statistics for this article

The World Economy is currently edited by David Greenaway

More articles in The World Economy from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-09-12
Handle: RePEc:bla:worlde:v:41:y:2018:i:6:p:1640-1663