Financial development and international trade is there a link?
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, m...
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| Format: | eBook |
| Language: | English |
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Washington, D.C
World Bank, Finance, Development Research Group
2001
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | 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 |
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| Item Description: | "May 2001"--Cover. - Includes bibliographical references (p. 27-30). - Title from title screen as viewed on Sept. 09, 2002 |