The Impact of International Financial Integration on Exports
學年 105
學期 2
發表日期 2017-06-25
作品名稱 The Impact of International Financial Integration on Exports
作品名稱（其他語言）
著者 Pei-Chien Lin
作品所屬單位
出版者
會議名稱 Western Economic Association International 92nd Annual Conference
會議地點 San Diego, California, USA
摘要 In this study, I re-investigate the hypothesis that countries with a higher degree of financial integration will have a comparative advantage in the exports of those industries that rely more on external financing. For that research purpose, I apply the difference-in-difference approach pioneered by Rajan and Zingales (1998) to a cross-country cross-industry dataset. The outcome of this research shows that, over the 1989-2004 period, financial integration benefits the exports of those industries that rely more on external finance. More specifically, the results of the OLS estimation indicate that there exists a difference in the gains in terms of the export share lying in a range from 7.1% to 11.1% between the industry at the 75th percentile and the 25th percentile of external finance in a country with a degree of financial integration at the 75th percentile compared with a country at the 25th percentile. This finding is robust to a series of sensitivity analyses. Furthermore, this study also shows that the impact of financial integration on the exports of industries with different degrees of external financial reliance may depend on a country’s stage of economic development and the quality of its economic and political institutions.
關鍵字 Financial integration;Exports;External finance
語言 en_US
收錄於
會議性質 國際
校內研討會地點 無
研討會時間 20170625~20170629
通訊作者 Pei-Chien Lin
國別 USA
公開徵稿
出版型式
出處 Conference paper
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/110506 )

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