RECHERCHE ET ANALYSE: DOCUMENTS DE TRAVAIL
Improving the availability of trade finance in developing countries: an assessment of remaining gaps
While conditions in trade finance markets returned to normality in the main routes of trade, the structural difficulties of poor countries in accessing trade finance have not disappeared – and might have been worsened during and after the global financial crisis.
Our results show that trade policy uncertainty is an important barrier to export. On average the elimination of water increases the probability of exporting by 12 percent. A one percent decrease of water also increases export volumes by one percent. We also find that the negative impact of trade policy uncertainty is higher for countries with low quality of institutions and in the presence of global value chains. Finally, our findings show that on average trade policy uncertainty is equivalent to a level of tariffs between 1.7 and 8.7 percentage points.
No: ERSD-2015-06
Auteurs: Marc Auboin, WTO
Date de rédaction: mai 2015
Mots clés:
trade financing, cooperation with international financial institutions, coherence, G-20, developing countries
Cotes JEL:
F13, F34, F36, O19, G21, G32
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Ce document est un document de travail et concerne donc des recherches en cours. Les opinions qui y sont exprimées sont celles de ses auteurs. Elles ne sont pas censées représenter la position ou les opinions de l’OMC ou de ses Membres et sont sans préjudice des droits et obligations des Membres dans le cadre de l'Organisation. Les auteurs sont seuls responsables en cas d’erreur.
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