The Relationship of financial development and export; the case of Turkey: A literature review
Küçük Resim Yok
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Peter Lang Publishing Group
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
During the global financial crisis in 2008, the world trade experienced a large and severe collapse. Between 2008 and 2009, world exports and exports in Turkey decreased by 16% and 22%, respectively. The recent research has shown that the slowdown in global demand and tight financing conditions are the main factors behind this drop in exports. Auboin (2009) has stated that the 10%-15% decline in international trade after the global financial crisis may be due to the decline in commercial finance. In addition, the decline in commercial finance is particularly important for developing countries that have many sectors dependent on external financing. This study examines the reasons of the decline in exports in the world especially in Turkey during global financial crisis and assesses whether the financing constraints have contributed to this collapse.This study considered as a literature review consists of theoretical framework of the relationship between export and export financing. In order to show whether there is an effect of financing in international trade, firstly, research on the financial models is included in the classical models of international trade that show the dependence of international trading companies to financing. Secondly it has been utilized studies that analyzing of empirical evaluations of the effects of the external trade firms' dependence on external financing. © Peter Lang GmbH Internationaler Verlag der Wissenschaften Berlin 2020. All rights reserved.
Açıklama
Anahtar Kelimeler
Export financing, Financial crisis, Financial development, International trade
Kaynak
Financial System, Financial Development And Firm Survival: Perspectives From Turkish Financial System And Globalization
WoS Q Değeri
Scopus Q Değeri
N/A
