Specialization in the presence of trade and financial openness

被引：9
|
作者：
Bos, Jaap W. B. [1 ]
Economidou, Claire [2 ]
Zhang, Lu [3 ]
机构：
[1] Maastricht Univ, Sch Business & Econ, NL-6200 MD Maastricht, Netherlands
[2] Univ Piraeus, Dept Econ, Piraeus 18435, Greece
[3] CPB Netherlands Bur Econ Policy Anal, Bezuidenhoutseweg 30, NL-2594 AV The Hague, Netherlands
来源：
EMPIRICAL ECONOMICS | 2020年 / 58卷 / 06期
关键词：
Specialization; Trade openness; Financial openness; Manufacturing; BUSINESS-CYCLE SYNCHRONIZATION; MARKET INTERDEPENDENCE; SUDDEN STOPS; INTEGRATION; GROWTH; RISK; COUNTRIES; DIVERSIFICATION; LIBERALIZATION; GLOBALIZATION;
D O I：
10.1007/s00181-019-01652-1
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper sheds new light on the relationship between openness and industrial specialization. The roles of trade and financial openness, separately and in conjunction with each other, are unraveled to study specialization patterns for a panel of 30 countries for more than three decades. Results show that trade openness has a stronger association with industrial specialization in countries with a low degree of intra-industry trade, whereas financial openness has a stronger association with specialization in countries with more developed financial systems. Further, the effect of trade (financial) openness on specialization is enhanced by the level of financial (trade) openness.
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页码：2783 / 2816
页数：34
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