The DOI matches its Crossref record; 55 of the 55 references it cites were found in a registry or an index.
Financial Development and International Trade
Open accessAbstract
This paper studies the industry-level and aggregate implications of financial development on international trade. I set up a multi-industry general equilibrium model of international trade with input-output linkages and heterogeneous firms subject to financial frictions. Industries differ in capital intensity, which leads to differences in external finance dependence. The model is parameterized to match key features of firm-level data. Financial development leads to substantial reallocation of international trade shares from labor- to capital-intensive industries, with minor effects at the aggregate level. These findings are consistent with estimates from cross-country industry-level and aggregate data.
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Cites
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Chapter 12 Finance and Growth: Theory and Evidence
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The Impact of the home country on internationalization
Cuervo-Cazurra, A., Luo, Y., Ramamurti, R., & Ang, S. H. (2018) · Journal of World Business · doi:10.1016/j.jwb.2018.06.002 · Cited by 292
Dynamic effects of trade openness on financial development
Kim, D.-H., Lin, S.-C., & Suen, Y.-B. (2010) · Economic Modelling · doi:10.1016/j.econmod.2009.09.005 · Cited by 259
Financial development and economic growth: global and African evidence
Murinde, V. (2012) · Journal of African Economies · doi:10.1093/jae/ejr042 · Cited by 65
Demand-following or supply-leading? Trade openness and financial development in China
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Metadata
- Authors
- Leibovici, F.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2021-12-01
- Volume
- 129
- Issue
- 12
- Pages
- 3405-3446
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W3122360474
- Cited by
- 406
- References
- 55
- FWCI
- 78.32
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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