Financial Liberalization and the Relationship-Specificity of Exports
11 Pages Posted: 13 Jul 2013
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 relationship‐specific inputs, and lowered exports of industries using standardized inputs.
Keywords: financial liberalization, credit constraints, relationship‐specificity, international trade
JEL Classification: F14, F36, G20
Suggested Citation: Suggested Citation
Defever, Fabrice and Südekum, Jens, Financial Liberalization and the Relationship-Specificity of Exports. IZA Discussion Paper No. 7479, Available at SSRN: https://ssrn.com/abstract=2293296 or http://dx.doi.org/10.2139/ssrn.2293296
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.