Financial liberalization and the relationship-specificity of exports
Defever, Fabrice and Suedekum, Jens (2014) Financial liberalization and the relationship-specificity of exports. Economics Letters, 122 (3). pp. 375-379. ISSN 0165-1765
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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.
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