Financial development and survival of African agri-food exports

Melise Jaud (mjaud@worldbank.org) and Madina Kukenova

No 5649, Policy Research Working Paper Series from The World Bank

Abstract: This paper investigates the link between export survival of agri-food products and financial development. It tests the hypothesis that financial development differentially affects the survival of exports across products based on their need of external finance. The authors test whether exports of products that are relatively more reliant on external capital survive longer when initiated in more financially developed countries. The results suggest that agri-food products that require more external finance indeed sustain longer in foreign markets if the exporting country is more financially developed.

Keywords: Food&Beverage Industry; Economic Theory&Research; Markets and Market Access; Labor Policies; Debt Markets (search for similar items in EconPapers)
Date: 2011-05-01
New Economics Papers: this item is included in nep-afr, nep-agr and nep-int
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Citations: View citations in EconPapers (30)

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Working Paper: Financial development and survival of African agri-food exports (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:5649

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