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Artigo científico

Comércio internacional e finançasuma análise teórico-empírica

Lucinda, Cláudio Ribeiro de

O documento é disponibilizado pela fonte de origem, que mantém a versão integral e as condições de uso.

Resumo

This paper aims to investigate the existence of a relationship between the institutional characteristics of the credit market of a country and its degree of specialization on trade of manufactures. In order to do so, we started by formally modeling this relationship. The empirical analysis, with Brazilian sectoral data for the period between 1996 and 2000, we could observe a relationship between the demand for external financing and the degree of specialization in industrial products, in accordance to the theoretical development. This relationship holds even after our robustness tests, using instrumental variables, aimed at dealing with the problems of simultaneity and reverse causality.

Ficha do documento

Tipo
Artigo científico
Ano
2008
Instituição
Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto da Universidade de São Paulo
Idioma
Português
Acesso
Acesso aberto
Identificador
oai:repositorio.fgv.br:10438/21187

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