Publication:
Stock Market Liberalizations and Export Dynamics

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dc.contributor.authorJaud, Melise
dc.contributor.authorKukenova, Madina
dc.contributor.authorStrieborny, Martin
dc.date.accessioned2023-02-16T16:53:55Z
dc.date.accessioned2023-03-06T16:08:52Z
dc.date.available2023-02-16T16:53:55Z
dc.date.available2023-03-06T16:08:52Z
dc.date.issued2023-02
dc.description.abstractForeign investors facilitate efficiency-enhancing structural change in the recipient countries. After countries liberalize their stock markets and allow foreign investors to acquire equity stakes in domestic firms, products that do not correspond to the liberalizing countries' comparative advantage disappear disproportionately faster from their export portfolios. At the same time, the overall long-term export performance of the liberalizing countries improves. Domestic stock market development does not have the same disciplining effect in terminating inefficient exports. Foreign investors thus play a unique role in improving resource allocation in the real economy.en
dc.identifierhttp://documents.worldbank.org/curated/en/099457502142334690/IDU08d80297d09e290404508a050d45015c723f5
dc.identifier.doi10.1596/1813-9450-10307
dc.identifier.urihttps://hdl.handle.net/10986/39448
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers;10307
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectEXPORT EFFICIENCY
dc.subjectFOREIGN INVESTMENT IN EXPORTS
dc.subjectEXPORT PERFORMANCE
dc.subjectFINANCIAL LIBERALIZATION AND STRUCTURAL CHANGE
dc.subjectDISCIPLINING ROLE OF FOREIGN INVESTORS
dc.subjectEXPORT DYNAMICS
dc.titleStock Market Liberalizations and Export Dynamicsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleStock Market Liberalizations and Export Dynamics
okr.date.disclosure2023-02-14
okr.date.doiregistration2025-04-10T11:22:02.773447Z
okr.date.lastmodified2023-02-14T00:00:00Zen
okr.doctypeWorking Papers
okr.doctypeWorking Papers::Policy Research Working Papers
okr.docurlhttp://documents.worldbank.org/curated/en/099457502142334690/IDU08d80297d09e290404508a050d45015c723f5
okr.guid099457502142334690
okr.identifier.doi10.1596/1813-9450-10307
okr.identifier.externaldocumentumIDU-8d80297d-9e29-4045-8a05-d45015c723f5
okr.identifier.internaldocumentum34002366
okr.identifier.reportWPS10307
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099457502142334690/pdf/IDU08d80297d09e290404508a050d45015c723f5.pdfen
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicInternational Economics and Trade::Foreign Trade Promotion and Regulation
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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