Abstract
This study uncovers several surprising and unexpected policy insights that can help small Caribbean and Central American countries develop a strategy to diversify their export base. The results from causality tests of the nexus between financial development and manufactured exports, show that in 63% of a sample of eight countries, financial development causes manufactured exports and vice versa for the remaining 37%. These results are then used to explore in greater depth potential economy specific structural factors that explain the causality test findings in these countries.
Original language | English (US) |
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Pages (from-to) | 339-359 |
Number of pages | 21 |
Journal | International Journal of Trade and Global Markets |
Volume | 7 |
Issue number | 4 |
DOIs | |
State | Published - Jan 1 2014 |
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
- Business and International Management