Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57583
Authors: 
Beverelli, Cosimo
Kukenova, Madina
Rocha, Nadia
Year of Publication: 
2011
Series/Report no.: 
WTO Staff Working Paper ERSD-2011-03
Abstract: 
Using highly disaggregated US import data from 157 countries between 1996 and 2009, we first provide evidence that banking crises negatively affect the survival of trade relations. On average, the occurrence of a banking crisis decreases the rate of survival of trade relations by 13 percent. Moreover, we find that both the size of exports and exporting experience matter for recovery of trade relations after banking crises. Sectoral financial dependence has an experience-specific effect. Relations with more experience recover faster in financially dependent sectors. There is instead no clear evidence indicating effects of size heterogeneity, neither in financially dependent sectors nor in non-financially dependent ones. The results are robust and consistent across alternative econometric models.
Subjects: 
banking crises
financial dependence
export experience
duration models
JEL: 
G01
C41
F14
Document Type: 
Working Paper

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