Specialization in the presence of trade and financial openness

Autor: Jaap W.B. Bos, Claire Economidou, Lu Zhang
Přispěvatelé: Finance, RS: GSBE Theme Sustainable Development, RS: GSBE Theme Data-Driven Decision-Making
Jazyk: angličtina
Rok vydání: 2020
Předmět:
Statistics and Probability
COUNTRIES
Economics and Econometrics
Single Equation Models
Single Variables: Models with Panel Data
Longitudinal Data
Spatial Time Series
f15 - Economic Integration
Economic Integration
Empirical Studies of Trade
l60 - Industry Studies: Manufacturing: General
Mathematics (miscellaneous)
Financial openness
g29 - Financial Institutions and Services: Other
Trade openness
0502 economics and business
Specialization (functional)
f14 - Empirical Studies of Trade
Economics
Openness to experience
MARKET INTERDEPENDENCE
Financial Institutions and Services: Other
050207 economics
GLOBALIZATION
LIBERALIZATION
050205 econometrics
RISK
c23 - "Single Equation Models
Spatial Time Series"
05 social sciences
International economics
BUSINESS-CYCLE SYNCHRONIZATION
SUDDEN STOPS
Manufacturing
Industry Studies: Manufacturing: General
GROWTH
DIVERSIFICATION
INTEGRATION
Social Sciences (miscellaneous)
Specialization
Zdroj: Empirical Economics, 58(6), 2783-2816. Springer
ISSN: 0377-7332
Popis: This paper sheds new light on the relationship between openness and industrial specialization. The roles of trade and financial openness, separately and in conjunction with each other, are unraveled to study specialization patterns for a panel of 30 countries for more than three decades. Results show that trade openness has a stronger association with industrial specialization in countries with a low degree of intra-industry trade, whereas financial openness has a stronger association with specialization in countries with more developed financial systems. Further, the effect of trade (financial) openness on specialization is enhanced by the level of financial (trade) openness.
Databáze: OpenAIRE
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