Financial reforms,product differentiation,and trade |
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| Authors: | Abdul Munasib Devesh Roy |
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| Affiliation: | 1. Department of Agricultural and Applied Economics, University of Georgia, 213 Stuckey Building, 1109 Experiment St, Griffin, GA 30223, USA;2. Markets, Trade and Institutions Division, International Food Policy Research Institute, 2033 K. St., N.W., Washington, DC 20006-1002, USA |
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| Abstract: | We hypothesize that exports of differentiated products, which entail greater upfront costs, increase more as financial reforms take place. We find strong and robust empirical support of this hypothesis with a comprehensive set of measures of reforms encompassing the banking sector, interest rates, equity and international capital markets. |
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| Keywords: | F10 F14 |
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