Effect of Export Upgrading on Financial Development

被引:5
|
作者
Gnangnon, Sena Kimm [1 ]
机构
[1] World Trade Org, Dev Div, Ruede Lausanne 154, CH-1211 Geneva 21, Switzerland
关键词
Export upgrading; financial development; PANEL-DATA; POLITICAL-ECONOMY; TRADE OPENNESS; GROWTH; INSTITUTIONS; DIVERSIFICATION; COUNTRIES; MARKETS; LIBERALIZATION; RESTRICTIONS;
D O I
10.1142/S1793993319500121
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a panel dataset comprising 137 countries (both developed and developing countries) over the period 1970-2010, this paper has examined the effect of export upgrading (i.e., export product diversification and export product quality improvement) on financial development. The findings suggest that export product diversification and export product quality improvement influence positively and significantly financial development in high income countries (HICs) and developing countries alike. However, for least developed countries (LDCs), export product diversification promotes financial development, but export product quality improvement exerts a negative effect on financial development.
引用
收藏
页数:37
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