Financial Development and Sustainable Exports: Evidence from Firm-Product Data

Melise Jaud (), Madina Kukenova and Martin Strieborny

No 4660, CESifo Working Paper Series from CESifo

Abstract: We combine a novel measure of export-related financial needs at the product level with a unique database of firm-product export data (including names of the exporting firms) from five developing countries. Using the tools of survival analysis and taking into account firms’ and products’ heterogeneity, we then examine the impact of financial development on the long-term trade. Finance matters for sustainable export performance, as goods with higher export-related financial needs disproportionately benefit from better financial development. Our results complement existing literature on finance and trade, which has relied on production-based measures of financial dependence at the industry or firm level.

Keywords: finance and trade; export survival; agri-food trade; SPS regulation (search for similar items in EconPapers)
JEL-codes: F10 G10 O16 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Financial Development and Sustainable Exports: Evidence from Firm-product Data (2015)
Working Paper: Financial Development and Sustainable Exports: Evidence from Firm-Product Data (2013)
Working Paper: Financial Development and Sustainable Exports: Evidence from Firm-Product Data (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4660

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