Financial Development and Trade Openness: a Survey

Soledad Feal-Zubimendi ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper provides a survey of the theoretical and empirical literature on financial development and its impact on the level of openness and the pattern of international trade. Financial development may be more important in promoting certain industries that requires large amounts of external finance, and therefore stimulates the economic growth. Despite the widespread view that financial development will increase the level of trade, that effect is ambiguous and there is no total consensus on either the direction or the size of the financial development – openness relationship

Keywords: trade openness; financial development. (search for similar items in EconPapers)
JEL-codes: F1 G1 (search for similar items in EconPapers)
Date: 2009-11
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/63341/1/feal.pdf original version (application/pdf)

Related works:
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:pra:mprapa:63341

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().