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Financial Development and Sustainable Exports: Evidence from Firm-product Data

På svenska

Author

  • Melise Jaud
  • Madina Kukenova
  • Martin Strieborny

Summary, in English

We combine a novel measure of export-related financial needs at the product level with a unique database of firm-product export data (including names of the exporting firms) from five developing countries. Using the tools of survival analysis and taking into account firms’ and products’ heterogeneity, we then examine the impact of financial development on the long-term trade. Finance matters for sustainable export performance,

as goods with higher export-related financial needs disproportionately

benefit from better financial development. Our results complement existing literature on finance and trade, which has relied on production-based measures of financial dependence at the industry or firm level.

Publishing year

2015

Language

English

Pages

1090-1114

Publication/Series

World Economy

Volume

38

Issue

7

Document type

Journal article

Publisher

Wiley-Blackwell

Topic

  • Economics

Keywords

  • finance and trade
  • export survival
  • agri-food trade
  • SPS regulation

Status

Published

ISBN/ISSN/Other

  • ISSN: 1467-9701