Financial Liberalization and the Relationship-Specificity of Exports

Fabrice Defever and Jens Suedekum

No 7479, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We investigate the causal impact of equity market liberalizations in the period 1980-1997 on sectoral export performance across 91 countries. The increased availability of external finance has boosted trade of industries that intensively use relationshipspecific inputs, and lowered exports of industries using standardized inputs.

Keywords: international trade; financial liberalization; credit constraints; relationship‐specificity (search for similar items in EconPapers)
JEL-codes: F14 F36 G20 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2013-06
New Economics Papers: this item is included in nep-int
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Published - published in: Economics Letters, 2014, 122 (3), 375-379

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Related works:
Journal Article: Financial liberalization and the relationship-specificity of exports (2014)
Working Paper: Financial liberalization and the relationship-specificity of exports (2013)
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