A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Multidimensional financial development, exporter behavior and export diversification (2020)

Nieminen, M. (2020). Multidimensional financial development, exporter behavior and export diversification. Economic Modelling, 93, 1-12. https://doi.org/10.1016/j.econmod.2020.07.021

JYU-tekijät tai -toimittajat

Julkaisun tiedot

Julkaisun kaikki tekijät tai toimittajat: Nieminen, Mika

Lehti tai sarja: Economic Modelling

ISSN: 0264-9993

eISSN: 1873-6122

Julkaisuvuosi: 2020

Volyymi: 93

Artikkelin sivunumerot: 1-12

Kustantaja: Elsevier

Julkaisumaa: Alankomaat

Julkaisun kieli: englanti

DOI: https://doi.org/10.1016/j.econmod.2020.07.021

Julkaisun avoin saatavuus: Ei avoin

Julkaisukanavan avoin saatavuus: 

Julkaisu on rinnakkaistallennettu (JYX): https://jyx.jyu.fi/handle/123456789/73913

Tiivistelmä

Financial development shapes export sector performance because exporters need external finance and face credit constraints. Previous empirical research has relied largely on single-country studies. The Exporter Dynamics Database (EDD), which features firm-level exports from over 60 countries, reveals differences in the microstructure of the export sector across countries. In this paper, we first provide new evidence that these differences are related to cross-country variation in financial development and structure. Second, we combine the EDD and multidimensional data on financial development with a global database on export diversification. This study is the first to examine how macrolevel export diversification is determined by the microcharacteristics of the export sector. This approach is novel in the empirical literature on export diversification. According to our cross-country analysis, access to domestic financial services positively contributes to export diversification by increasing the number of small exporters, as financial services ease the credit constraints these exporters face.

YSO-asiasanat: vienti; vientiyritykset; eriytyminen; kansantalous; taloudellinen kehitys

Vapaat asiasanat: export diversification; export dynamics; financial development

Liittyvät organisaatiot

Hankkeet, joissa julkaisu on tehty

OKM-raportointi: Kyllä

Raportointivuosi: 2020

JUFO-taso: 1