Finance and Export Survival: The Case of MENA Region and Sub-Saharan Africa

24 Pages Posted: 7 Oct 2013 Last revised: 21 Mar 2017

Melise Jaud

World Bank

Madina Kukenova

University of Lausanne - Department of Economics (DEEP)

Martin Strieborny

Lund University

Date Written: September 30, 2016

Abstract

The paper looks at unique firm-product-destination export data collected by custom authorities in four countries from the Middle East and North Africa (MENA) - Jordan, Kuwait, Morocco, Yemen as well as in six countries of Sub-Saharan Africa (SSA) - Ghana, Mali, Malawi, Senegal, Tanzania, Uganda. We use these data to examine to impact of financial development on the long-term success of exports from developing countries. We find that those agricultural exports that face particularly costly implementation of Sanitary and Phytosanitary Standards (SPS) are also the ones that disproportionately benefit from a higher level of domestic financial development. This result confirms the previous findings from a smaller SSA sample (Jaud et al. 2015). It is robust to controlling for heterogeneity at the firm, product, and country level as well as for alternative channels that could shape the relation between finance and international trade in the data.

Keywords: finance and export survival, agri-food trade, MENA countries, Sub-Saharan Africa

JEL Classification: F10, G10, O16

Suggested Citation

Jaud, Melise and Kukenova, Madina and Strieborny, Martin, Finance and Export Survival: The Case of MENA Region and Sub-Saharan Africa (September 30, 2016). Available at SSRN: https://ssrn.com/abstract=2337022 or http://dx.doi.org/10.2139/ssrn.2337022

Melise Jaud

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Madina Kukenova

University of Lausanne - Department of Economics (DEEP) ( email )

BFSH1
Lausanne, 1015
Switzerland
021-692-3673 (Phone)

Martin Strieborny (Contact Author)

Lund University ( email )

P.O. Box 7082
S-220 07 Lund
Sweden

Register to save articles to
your library

Register

Paper statistics

Downloads
49
Abstract Views
268
PlumX