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- W2372014080 abstract "Complex products are defined as the products made of a variety of heterogeneous intermediates. The more heterogeneous the intermediates are, the more complex the final goods are. The paper points out that financial development improves a country’s export sophistication via the heterogeneity of intermediates through three paths : namely human capital accumulation, R&D efficiency promotion and the capability increase of absorbing technology spillovers of FDI. It makes an empirical test of the three paths by using crossborder data respectively. The empirical results confirm our theoretical expectation and are robust to different indicators of financial development." @default.
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- W2372014080 date "2013-01-01" @default.
- W2372014080 modified "2023-09-27" @default.
- W2372014080 title "Financial Development and Export Complexity Increase: An Empirical Test Based on Functioning paths" @default.
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