Finance, comparative advantage, and resource allocation (English)

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...

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Author

Jaud,Melise;

Kukenova,Madina;

Strieborny, Martin;
Document Date
2012/06/01
Document Type
Policy Research Working Paper
Report Number
WPS6111
Volume No
1
Total Volume(s)
1
Country
United States, World,
Region
Other,
Disclosure Date
2012/06/01
Disclosure Status
Disclosed
Doc Name
Finance, comparative advantage, and resource allocation
Keywords
comparative advantage

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Jaud,Melise; Kukenova,Madina; Strieborny, Martin.

Finance, comparative advantage, and resource allocation (English). Policy Research working paper ; no. WPS 6111 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/436281468338502407

Finance, comparative advantage, and resource allocation (English)

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