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Financial development and international trade Is there a link?

Journal from gdlhub / 2017-08-14 11:52:53
Oleh : Thorsten Beck, ELSEVIER (tbeck@worldbank.org (T. Beck).)
Dibuat : 2010-06-30, dengan 1 file

Keyword : Financial, development, international, trade
Url : http://www.elsevier.com/ locate /econbase

This paper explores a possible link between financial development and trade in


manufactures. The theoretical model focuses on the role of financial intermediaries in


facilitating large-scale, high-return projects and shows that economies with better-developed


financial sectors have a comparative advantage in manufacturing industries. We provide


evidence for this hypothesis, first proposed by Kletzer and Bardhan (Journal of Development


Economics 1987;27:57–70), using a 30-year panel for 65 countries. Controlling for


country-specific effects and possible reverse causality, we show that financial development


exerts a large causal impact on the level of both exports and the trade balance of


manufactured goods. 2002 Elsevier Science B.V. All rights reserved

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PropertiNilai Properti
ID Publishergdlhub
OrganisasiELSEVIER
Nama KontakHerti Yani, S.Kom
AlamatJln. Jenderal Sudirman
KotaJambi
DaerahJambi
NegaraIndonesia
Telepon0741-35095
Fax0741-35093
E-mail Administratorelibrarystikom@gmail.com
E-mail CKOelibrarystikom@gmail.com

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