Financial reforms, product differentiation, and trade uri icon

abstract

  • We hypothesize that exports of differentiated products, which entail greater upfront costs, increase more as financial reforms take place. We find strong and robust empirical support of this hypothesis with a comprehensive set of measures of reforms encompassing the banking sector, interest rates, equity and international capital markets. (C) 2014 Elsevier B.V. All rights reserved.

publication date

  • 2014
  • 2014
  • 2014