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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 4660

Classification and Topics

• Classification: Wirtschaft ; Trade: General ; General Financial Markets: General (includes Measurement and Data) ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Subject: finance and trade ; export survival ; agri-food trade ; SPS regulation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Jaud, Melise ; Kukenova, Madina ; Strieborny, Martin
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/93391
• Last update: 10.03.2025, 11:41 AM CET