Financial development and international trade
is there a link?
Edición de la obra Financial development and international trade
| Autor | Thorsten Beck |
|---|---|
| Editorial | World Bank, Finance, Development Research Group |
| Fecha de publicación | 2001 |
| Lugar | Washington, D.C |
| Idioma | inglés |
| Formato | Electronic resource |
| LCCN | 2001615226 |
| Serie | Policy research working paper ; · 2608 · Policy research working papers (Online) ; |
| Número de Cutter | B393f |
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.