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

Jaud, Melise; Kukenova, Madina and Strieborny, Martin LU (2015) In World Economy 38(7). p.1090-1114
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.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
finance and trade, export survival, agri-food trade, SPS regulation
in
World Economy
volume
38
issue
7
pages
1090 - 1114
publisher
Wiley-Blackwell
external identifiers
  • wos:000357989600004
  • scopus:84936994211
ISSN
1467-9701
DOI
10.1111/twec.12224
language
English
LU publication?
yes
id
5c802f5b-b004-46a1-abc6-50549d6e4501 (old id 4857504)
alternative location
http://onlinelibrary.wiley.com/doi/10.1111/twec.12224/abstract
date added to LUP
2014-12-16 10:54:43
date last changed
2017-01-01 03:37:17
@article{5c802f5b-b004-46a1-abc6-50549d6e4501,
  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,<br/><br>
as goods with higher export-related financial needs disproportionately<br/><br>
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.},
  author       = {Jaud, Melise and Kukenova, Madina and Strieborny, Martin},
  issn         = {1467-9701},
  keyword      = {finance and trade,export survival,agri-food trade,SPS regulation},
  language     = {eng},
  number       = {7},
  pages        = {1090--1114},
  publisher    = {Wiley-Blackwell},
  series       = {World Economy},
  title        = {Financial Development and Sustainable Exports: Evidence from Firm-product Data},
  url          = {http://dx.doi.org/10.1111/twec.12224},
  volume       = {38},
  year         = {2015},
}