Financial liberalization and the relationship-specificity of exports

Fabrice Defever and Jens Suedekum

Economics Letters, 2014, vol. 122, issue 3, 375-379

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.

Keywords: Financial liberalization; Credit constraints; Relationship-specificity; International trade (search for similar items in EconPapers)
JEL-codes: F14 F36 G20 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176513005739
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Financial Liberalization and the Relationship-Specificity of Exports (2013)
Working Paper: Financial liberalization and the relationship-specificity of exports (2013)
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:eee:ecolet:v:122:y:2014:i:3:p:375-379

DOI: 10.1016/j.econlet.2013.12.034

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().