Financial Development and International Trade : Is There a Link?

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Beck, Thorsten
dc.date.accessioned
2014-08-26T14:33:38Z
dc.date.available
2014-08-26T14:33:38Z
dc.date.issued
2001-05
dc.date.lastModified
2021-04-23T14:03:43Z
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
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 2608
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ASYMMETRIC INFORMATION
dc.subject
AVERAGE COSTS
dc.subject
CAPITAL STOCK
dc.subject
CENTRAL BANK
dc.subject
CENTRAL BANKS
dc.subject
CLOSED ECONOMY
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COMPETITIVE MARKETS
dc.subject
CONSTANT RETURNS
dc.subject
CONSTANT RETURNS TO SCALE
dc.subject
CONSUMERS
dc.subject
CONSUMPTION FUNCTION
dc.subject
CONTRACT ENFORCEMENT
dc.subject
COUNTRY REGRESSIONS
dc.subject
COUNTRY-SPECIFIC EFFECTS
dc.subject
CREDIT RATIONING
dc.subject
CURRENCY
dc.subject
DEBT
dc.subject
DEMAND CURVE
dc.subject
DEMAND FUNCTIONS
dc.subject
DEPOSITS
dc.subject
DESCRIPTIVE STATISTICS
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
DIFFERENTIAL PATHS
dc.subject
DISTRIBUTION FUNCTION
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
dc.subject
EXPECTED VALUE
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
dc.subject
GROWTH PERFORMANCE
dc.subject
GROWTH RATE
dc.subject
HIGH CORRELATION
dc.subject
IMPORTS
dc.subject
INCOME
dc.subject
INCOME LEVEL
dc.subject
INCREASING RETURNS
dc.subject
INCREASING RETURNS TO SCALE
dc.subject
INSURANCE
dc.subject
INTEREST RATE
dc.subject
INTERNATIONAL TRADE
dc.subject
LIQUIDITY
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
dc.subject
MONOPOLISTIC COMPETITION
dc.subject
NATURAL RESOURCES
dc.subject
NEGATIVE EFFECT
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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