Financial Development and International Trade : Is There a Link?
collection.link.5 |
https://openknowledge.worldbank.org/handle/10986/9
| |
collection.name.5 |
Policy Research Working Papers
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dc.contributor.author |
Beck, Thorsten
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dc.date.accessioned |
2014-08-26T14:33:38Z
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dc.date.available |
2014-08-26T14:33:38Z
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dc.date.issued |
2001-05
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dc.date.lastModified |
2021-04-23T14:03:43Z
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dc.description.abstract |
The author explores a possible link
between financial development and trade in manufactures. His
theoretical model focuses on the role of financial
intermediaries in facilitating large-scale, high-return
projects. Results show that economies with better developed
financial sectors have a comparative advantage in
manufacturing industries. He provides evidence for this
hypothesis, first proposed by Kletzer and Bardhan (1987),
using a 30-year panel of data for 65 countries. Controlling
for country-specific effects and possible reverse causality,
he shows that financial development exerts a large causal
impact on the level of both exports and the trade balance of
manufactured goods.
| en |
dc.identifier |
http://documents.worldbank.org/curated/en/2001/05/1121295/financial-development-international-trade-link
| |
dc.identifier.uri |
http://hdl.handle.net/10986/19656
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dc.language |
English
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dc.language.iso |
en_US
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dc.publisher |
World Bank, Washington, DC
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dc.relation.ispartofseries |
Policy Research Working Paper;No. 2608
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dc.rights |
CC BY 3.0 IGO
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dc.rights.uri |
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject |
ASYMMETRIC INFORMATION
| |
dc.subject |
AVERAGE COSTS
| |
dc.subject |
CAPITAL STOCK
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dc.subject |
CENTRAL BANK
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dc.subject |
CENTRAL BANKS
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dc.subject |
CLOSED ECONOMY
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dc.subject |
COMPARATIVE ADVANTAGE
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dc.subject |
COMPETITIVE MARKETS
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dc.subject |
CONSTANT RETURNS
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dc.subject |
CONSTANT RETURNS TO SCALE
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dc.subject |
CONSUMERS
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dc.subject |
CONSUMPTION FUNCTION
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dc.subject |
CONTRACT ENFORCEMENT
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dc.subject |
COUNTRY REGRESSIONS
| |
dc.subject |
COUNTRY-SPECIFIC EFFECTS
| |
dc.subject |
CREDIT RATIONING
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dc.subject |
CURRENCY
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dc.subject |
DEBT
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dc.subject |
DEMAND CURVE
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dc.subject |
DEMAND FUNCTIONS
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dc.subject |
DEPOSITS
| |
dc.subject |
DESCRIPTIVE STATISTICS
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dc.subject |
DEVELOPMENT ECONOMICS
| |
dc.subject |
DIFFERENTIAL PATHS
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dc.subject |
DISTRIBUTION FUNCTION
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dc.subject |
DYNAMIC PANEL
| |
dc.subject |
ECONOMETRIC MODEL
| |
dc.subject |
ECONOMETRICS
| |
dc.subject |
ECONOMIC DEVELOPMENT
| |
dc.subject |
ECONOMIC GROWTH
| |
dc.subject |
ECONOMIC HISTORIANS
| |
dc.subject |
ECONOMIC REVIEW
| |
dc.subject |
ECONOMIC STAGNATION
| |
dc.subject |
ECONOMIC STUDIES
| |
dc.subject |
ECONOMIC THEORY
| |
dc.subject |
ECONOMIES OF SCALE
| |
dc.subject |
EMPIRICAL EVIDENCE
| |
dc.subject |
EMPIRICAL GROWTH LITERATURE
| |
dc.subject |
EMPIRICAL LITERATURE
| |
dc.subject |
EMPIRICAL TEST
| |
dc.subject |
EMPLOYMENT
| |
dc.subject |
ENDOGENOUS VARIABLE
| |
dc.subject |
EQUILIBRIUM
| |
dc.subject |
EXOGENOUS VARIABLE
| |
dc.subject |
EXPECTED RETURN
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dc.subject |
EXPECTED VALUE
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dc.subject |
EXPLANATORY VARIABLES
| |
dc.subject |
EXPORT SHARE
| |
dc.subject |
EXPORT SHARES
| |
dc.subject |
EXPORTS
| |
dc.subject |
EXTERNAL FINANCE
| |
dc.subject |
FACTOR ENDOWMENTS
| |
dc.subject |
FACTOR MARKETS
| |
dc.subject |
FINANCIAL DEVELOPMENT
| |
dc.subject |
FINANCIAL INSTITUTIONS
| |
dc.subject |
FINANCIAL SECTOR
| |
dc.subject |
FINANCIAL SECTORS
| |
dc.subject |
FINANCIAL SERVICES
| |
dc.subject |
FINANCIAL SYSTEMS
| |
dc.subject |
FOOD PRODUCTION
| |
dc.subject |
FOREIGN PRODUCERS
| |
dc.subject |
GDP
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dc.subject |
GROWTH PERFORMANCE
| |
dc.subject |
GROWTH RATE
| |
dc.subject |
HIGH CORRELATION
| |
dc.subject |
IMPORTS
| |
dc.subject |
INCOME
| |
dc.subject |
INCOME LEVEL
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dc.subject |
INCREASING RETURNS
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dc.subject |
INCREASING RETURNS TO SCALE
| |
dc.subject |
INSURANCE
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dc.subject |
INTEREST RATE
| |
dc.subject |
INTERNATIONAL TRADE
| |
dc.subject |
LIQUIDITY
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dc.subject |
LIQUIDITY CONSTRAINTS
| |
dc.subject |
LONG-RUN EQUILIBRIUM
| |
dc.subject |
LONG-RUN IMPACT
| |
dc.subject |
MACROECONOMIC VARIABLES
| |
dc.subject |
MACROECONOMICS
| |
dc.subject |
MARGINAL COST
| |
dc.subject |
MARGINAL REVENUE
| |
dc.subject |
MONETARY ECONOMICS
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dc.subject |
MONOPOLISTIC COMPETITION
| |
dc.subject |
NATURAL RESOURCES
| |
dc.subject |
NEGATIVE EFFECT
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dc.subject |
NET EXPORTERS
| |
dc.subject |
0 HYPOTHESIS
| |
dc.subject |
OPENNESS
| |
dc.subject |
POLICY IMPLICATIONS
| |
dc.subject |
POLICY MAKERS
| |
dc.subject |
POLICY RESEARCH
| |
dc.subject |
POLITICAL ECONOMY
| |
dc.subject |
POSITIVE IMPACT
| |
dc.subject |
PRICE ELASTICITY
| |
dc.subject |
PRIVATE SECTOR
| |
dc.subject |
PRODUCERS
| |
dc.subject |
PRODUCT DIFFERENTIATION
| |
dc.subject |
PRODUCT MARKETS
| |
dc.subject |
PRODUCTION FUNCTION
| |
dc.subject |
PRODUCTION TECHNOLOGY
| |
dc.subject |
PRODUCTIVITY
| |
dc.subject |
PRODUCTIVITY GROWTH
| |
dc.subject |
PUBLIC POLICY
| |
dc.subject |
REAL GDP
| |
dc.subject |
REGRESSION RESULTS
| |
dc.subject |
RELATIVE DEMAND
| |
dc.subject |
RELATIVE SUPPLY
| |
dc.subject |
RETURN ON EQUITY
| |
dc.subject |
SAVINGS
| |
dc.subject |
SERIAL CORRELATION
| |
dc.subject |
SIGNIFICANT CORRELATION
| |
dc.subject |
SPECIALIZATION
| |
dc.subject |
TERMS OF TRADE
| |
dc.subject |
TOTAL OUTPUT
| |
dc.subject |
TRADE BALANCE
| |
dc.subject |
TRADE FLOWS
| |
dc.subject |
TRADE PATTERNS
| |
dc.subject |
TRADE REFORMS
| |
dc.subject |
UTILITY FUNCTION
| |
dc.subject |
UTILITY FUNCTIONS
| |
dc.subject |
WEALTH
| |
dc.title |
Financial Development and International Trade : Is There a Link?
| en |
okr.date.disclosure |
2001-05-31
| |
okr.doctype |
Publications & Research :: Policy Research Working Paper
| |
okr.doctype |
Publications & Research
| |
okr.docurl |
http://documents.worldbank.org/curated/en/2001/05/1121295/financial-development-international-trade-link
| |
okr.globalpractice |
Poverty
| |
okr.globalpractice |
Trade and Competitiveness
| |
okr.googlescholar.linkpresent |
yes
| |
okr.identifier.doi |
10.1596/1813-9450-2608
| |
okr.identifier.externaldocumentum |
000094946_01060604005428
| |
okr.identifier.internaldocumentum |
1121295
| |
okr.identifier.report |
WPS2608
| |
okr.language.supported |
en
| |
okr.pdfurl |
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/06/15/000094946_01060604005428/Rendered/PDF/multi0page.pdf
| en |
okr.sector |
Other Finance
| |
okr.sector |
Finance
| |
okr.topic |
Poverty Reduction :: Inequality
| |
okr.topic |
International Economics and Trade :: Trade Policy
| |
okr.topic |
International Economics and Trade :: Free Trade
| |
okr.topic |
Banks and Banking Reform
| |
okr.topic |
Payment Systems and Infrastructure
| |
okr.topic |
Economic Theory and Research
| |
okr.topic |
Environmental Economics and Policies
| |
okr.unit |
Finance, Development Research Group
| |
okr.volume |
1
|
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