author = { Jaud, Melise Kukenova, Madina AND Strieborny, Martin AND Jaud, Melise },

title = { Finance, Comparative Advantage, and Resource Allocation },

publisher = {The World Bank},

keywords = { Finanzsektor , Institutionelle Infrastruktur , Allokation , Komparativer Vorteil , Internationaler Markt , USA },

year = {2012},

abstract = {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},

address = { Washington, D.C },

url = { https://katalog.slub-dresden.de/en/?cHash=a8fa44d3bda0cb9d524c2f0ab6715df9&tx_find_find%5Baction%5D=citation&tx_find_find%5Bcontroller%5D=Search&tx_find_find%5Bid%5D=17-834974916&tx_find_find%5Btype%5D=bibtex }