Publication:
Financial Dependence and International Trade

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dc.contributor.authorBeck, Thorsten
dc.date.accessioned2014-08-25T17:25:43Z
dc.date.available2014-08-25T17:25:43Z
dc.date.issued2001-05
dc.description.abstractDoes financial development translate into a comparative advantage in industries that use more external finance? The author uses industry-level data on firms' dependence on external finance for 36 industries and 56 countries to examine this question. The author shows that countries with better-developed financial systems have higher export shares and trade balances in industries that use more external finance. These results are robust to the use of alternative measures of external dependence and financial development and are not due to reverse causality or simultaneity bias.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/05/2873608/financial-dependence-international-trade
dc.identifier.doi10.1596/1813-9450-2609
dc.identifier.urihttps://hdl.handle.net/10986/19634
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2609
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVERSE SELECTION
dc.subjectALTERNATIVE INSTRUMENTS
dc.subjectBALANCE SHEETS
dc.subjectBEARING LIABILITIES
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCOAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSUMERS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCREDIT MARKET
dc.subjectCREDIT RATIONING
dc.subjectCREDITOR RIGHTS
dc.subjectCURRENCY
dc.subjectDEMAND SHOCKS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISCOUNTED VALUE
dc.subjectDOMESTIC INDUSTRIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMISTS
dc.subjectELASTICITIES
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUPPLY
dc.subjectENTREPRENEURSHIP
dc.subjectEQUILIBRIUM
dc.subjectEQUITY MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE POLICY
dc.subjectEXPENDITURES
dc.subjectEXPORT INDUSTRIES
dc.subjectEXPORT SHARE
dc.subjectEXPORT SHARES
dc.subjectEXPORTS
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL FINANCING
dc.subjectFACTOR ENDOWMENTS
dc.subjectFINANCIAL DEPENDENCE
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL DEVELOPMENT ACROSS COUNTRIES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIARY DEVELOPMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectHUMAN CAPITAL
dc.subjectIMPORT TARIFFS
dc.subjectIMPORTS
dc.subjectINCOME STATEMENTS
dc.subjectINDUSTRY TRADE
dc.subjectINSURANCE
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR PRODUCTIVITY
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectLIQUID LIABILITIES
dc.subjectLIQUIDITY
dc.subjectMARGINAL COSTS
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET IMPERFECTIONS
dc.subjectMARKET POWER
dc.subjectMONETARY ECONOMICS
dc.subjectMONOPOLIES
dc.subjectMORAL HAZARD
dc.subjectNET EXPORTERS
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY MAKERS
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE FIRMS
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCERS
dc.subjectREAL GDP
dc.subjectREAL SECTOR
dc.subjectREGRESSION ANALYSIS
dc.subjectRETURN ON CAPITAL
dc.subjectSAVINGS
dc.subjectSPECIALIZATION
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKETS
dc.subjectSUPPLY CURVE
dc.subjectTARIFF BARRIERS
dc.subjectTRADE BALANCE
dc.subjectTRADE DATA
dc.subjectTRADE DEFICIT
dc.subjectTRADE FLOWS
dc.subjectTRADE MODELS
dc.subjectTRADE PATTERNS
dc.subjectTRADE POLICY
dc.subjectTRADE REFORMS
dc.subjectTRADE STRUCTURE
dc.titleFinancial Dependence and International Tradeen
dspace.entity.typePublication
okr.crossref.titleFinancial Dependence and International Trade
okr.date.disclosure2001-05-31
okr.date.doiregistration2025-04-10T10:52:08.298635Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2001/05/2873608/financial-dependence-international-trade
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid756461468779406804
okr.identifier.doi10.1596/1813-9450-2609
okr.identifier.externaldocumentum000265513_20040129163515
okr.identifier.internaldocumentum2873608
okr.identifier.reportWPS2609
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/01/29/000265513_20040129163515/Rendered/PDF/wps2609.pdfen
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicInternational Economics and Trade::Free Trade
okr.topicBanks and Banking Reform
okr.topicPayment Systems and Infrastructure
okr.topicEconomic Theory and Research
okr.topicInternational Terrorism and Counterterrorism
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isAuthorOfPublication4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isAuthorOfPublication.latestForDiscovery4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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