Financial development and international trade [electronic resource] : is there a link? / Thorsten Beck.
Material type:
TextSeries: Policy research working papers ; 2608. | World Bank e-LibraryPublication details: Washington, D.C. : World Bank, Finance, Development Research Group, [2001]Subject(s): Comparative advantage (International trade) -- Econometric models | Economies of scale -- Econometric models | Exports -- Econometric models | Manufactures -- Econometric modelsAdditional physical formats: Beck, Thorsten.: Financial development and international trade.LOC classification: HG3881.5.W57Online resources: Click here to access online Also available in print.Summary: 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.
"May 2001"--Cover.
Title from title screen as viewed on Sept. 09, 2002.
Includes bibliographical references (p. 27-30).
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.
Also available in print.
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