Financial development and sustainable exports: evidence from firm-product data

Jaud, M., Kukenova, M. and Strieborny, M. (2015) Financial development and sustainable exports: evidence from firm-product data. World Economy, 38(7), pp. 1090-1114. (doi: 10.1111/twec.12224)

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Abstract

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.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Strieborny, Dr Martin
Authors: Jaud, M., Kukenova, M., and Strieborny, M.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:World Economy
Publisher:Wiley
ISSN:0378-5920
ISSN (Online):1467-9701

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