Trade and Financial Development

Trade and Financial Development

The differences in financial development between advanced and developing countries are pronounced. It has been observed, both theoretically and empirically, that these differences in countries' financial systems are a source of comparative adv...

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Bibliographic Details
Main Authors:	Do, Quy-Toan, Levchenko, Andrei A.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	TRADE INTERNATIONAL TRADE FINANCIAL DEVELOPMENT ENDOGENOUS DEVELOPMENT NEW INTERNATIONAL ECONOMIC ORDER FINANCIAL SYSTEMS FINANCIAL INFRASTRUCTURE ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT ENTREPRENEURS BUSINESS ENTERPRISES AGGREGATE OUTPUT AGGREGATE SUPPLY AGGREGATE TRADE ARBITRAGE CLOSED ECONOMY COMPARATIVE ADVANTAGE COUNTRY CHARACTERISTICS COUNTRY DUMMIES CREDIT MARKET DATA SET DEBT DEVELOPED COUNTRIES DEVELOPING COUNTRIES DIFFERENTIAL IMPACT ECONOMIC CONDITIONS EMERGING MARKETS EMPIRICAL EVIDENCE EMPIRICAL SUPPORT EMPIRICAL WORK EQUILIBRIUM EQUILIBRIUM VALUE EXPORTS EXTERNAL FINANCE EXTERNAL FINANCING EXTERNALITIES EXTERNALITY FINAL GOODS FINANCIAL DEPTH FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM GDP GRAVITY MODEL HUMAN CAPITAL IMPACT OF TRADE IMPORTS INCOME INCOME DISTRIBUTION INCOME VARIABILITY INCREASING GROWTH INCREASING RETURNS INCREASING RETURNS TO SCALE INSURANCE INTEREST RATE INTEREST RATES INTERMEDIATE GOODS INVESTOR PROTECTION LEGAL SYSTEM LIQUID LIABILITIES LIQUIDITY LONG-RUN GROWTH M2 MARKET CAPITALIZATION MARKET SIZE MEASURE OF TRADE NEGATIVE EFFECT NON-OECD COUNTRIES OPPORTUNITY COST OUTPUT VOLATILITY PER CAPITA INCOME PER CAPITA INCOMES POOR COUNTRIES POOR COUNTRY POSITIVE EFFECT POSITIVE EXTERNALITY PRODUCTION FUNCTION PRODUCTIVITY PROFIT MAXIMIZATION PROPERTY RIGHTS REAL OUTPUT RESEARCH AGENDA SIGNIFICANCE LEVEL SIGNIFICANT DIFFERENCES SPECIALIZATION TOTAL OUTPUT TRADE OPENING TRADE OPENNESS TRADE PATTERNS UNIT OF LABOR WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2004/06/4964018/trade-financial-development http://hdl.handle.net/10986/14062

Internet

http://documents.worldbank.org/curated/en/2004/06/4964018/trade-financial-development
http://hdl.handle.net/10986/14062

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