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Host-Country Financial Development and Multinational Activity
Credit constraints Ö nancial development multinational activity
2015/7/21
This paper evaluates the ináuence of Önancial development on the global operations of multinational
Örms. Using detailed U.S. data, we provide evidence that host-country Önancial devel...
Financial development and the choice of trade partners
Financial development International trade Trade partners
2015/7/21
What determines the choice of countries' trade partners? We show theoretically and empirically that financial
market imperfections affect the number and identity of exporters' destinations. Big...
Financial Development and Technology Diffusion
Technology Commercialization Financial Markets
2015/4/28
We examine the extent to which financial market development impacts the diffusion of 16 major technologies, looking across 55 countries, from 1870 to 2000. We find that greater depth in financial mark...