Эксоцман
на главную поиск contacts

Financial Development and International Trade: Is There a Link?

Опубликовано на портале: 16-12-2003
World Bank Policy Research Working Papers. 2001.  No. 2608.
Economies with better developed financial sectors have a comparative advantage in manufacturing industries. A two-sector model shows the sector with large scale economies profiting more than the other from a well-developed financial sector. In countries with higher levels of financial development, manufactured exports represent a higher share of GDP and of merchandise exports—and those countries have a higher trade balance in manufactured goods.

Beck explores a possible link between financial development and trade in manufactures. His theoretical model focuses on the role of financial intermediaries in facilitating large-scale, high-return projects. Results show that economies with better developed financial sectors have a comparative advantage in manufacturing industries.

He provides evidence for this hypothesis, first proposed by Kletzer and Bardhan (1987), using a 30-year panel of data for 65 countries. Controlling for country-specific effects and possible reverse causality, he shows that financial development exerts a large causal impact on the level of both exports and the trade balance of manufactured goods.

Ссылки
текст статьи в формате pdf на сайте Всемирного Банка:
http://econ.worldbank.org/files/2200_wps2608.pdf
BiBTeX
RIS
Ключевые слова

См. также:
В.А. Муталимов
Экономические науки. 2010.  Т. 69. № 8. С. 27-31. 
[Статья]
Елена Леонидовна Омельченко
Журнал исследований социальной политики. 2005.  Т. 3. № 1. С. 59-86. 
[Статья]
Андрей Яковенко
Социология: теория, методы, маркетинг. 2011.  No. 4. P. 121-142. 
[Статья]
Александр Абрамович Галкин
Полития. 2013.  № 1.
[Статья]
Александр Абрамович Галкин, Юрий Андреевич Красин
Социологические исследования. 2003.  № 8. С. 64-74. 
[Статья]
Ayhan Kose, Eswar S. Prasad, Silva Marco E. Terrones
IMF Working Paper Series. 2003.  No. 03/27 .
[Статья]