TY -
GEN
AU - Jaud, Melise
AU - Kukenova, Madina
AU - Strieborny, Martin
AU - Jaud, Melise
TI -
Finance, Comparative Advantage, and Resource Allocation
PB - The World Bank
KW - Finanzsektor
KW - Institutionelle Infrastruktur
KW - Allokation
KW - Komparativer Vorteil
KW - Internationaler Markt
KW - USA
PY - 2012
N2 - The authors show that exported products exit the US market sooner if they violate the Heckscher-Ohlin notion of comparative advantage. Crucially, this pattern is stronger when exporting country has a well-developed banking system, measured by a high ratio of bank credit over the GDP. Banks thus push firms away from exports that are facing an uphill battle on a competitive foreign market due to a suboptimal use of the domestic factor endowment. The results imply a disciplining role for bank credit in terminating inefficient trade flows. This constitutes a new channel through which finance improves resource allocation in the real economy
CY - Washington, D.C
UR - https://katalog.slub-dresden.de/en/?cHash=0bb8bd27a7fbde41cd02875a74ca0f3d&tx_find_find%5Baction%5D=citation&tx_find_find%5Bcontroller%5D=Search&tx_find_find%5Bid%5D=17-834974916&tx_find_find%5Btype%5D=ris
ER -