This study examines the impact of financial development on export quality. Financial development is proxied by the overall financial development index, its two sub-indices (financial institutions index and financial markets index) and three dimensions of each sub-index. The study begins by examining the causality between financial development indicators and export quality. The influences of financial development indicators on export quality are then investigated. Econometric techniques are applied for 49 low- and lower-middle-income economies (LMEs), 31 upper-middle-income economies (UMEs) and 48 high-income economies (HIEs) over the period 2002–14, which was chosen on account of data availability. The predominant finding is significant bidirectional causality between financial development indicators, as well as their dimensions, and export quality. Notably, most financial development indicators and their dimensions are found to have significant positive effects on export quality for both HIEs and LMEs, while two dimensions of the financial institutions indicator have no significant impacts in the case of UMEs.

中文翻译：

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出口质量动态：金融发展的多维证据

本研究考察了金融发展对出口质量的影响。金融发展由总体金融发展指数及其两个分项指数（金融机构指数和金融市场指数）和每个分项指数的三个维度代表。该研究首先检查金融发展指标与出口质量之间的因果关系。然后考察金融发展指标对出口质量的影响。在 2002-14 年期间，计量经济学技术应用于 49 个低收入和中低收入经济体 (LME)、31 个中高收入经济体 (UME) 和 48 个高收入经济体 (HIE)，这些经济体是根据考虑选择的数据可用性。主要发现是金融发展指标及其维度之间存在显着的双向因果关系，和出口质量。值得注意的是，大多数金融发展指标及其维度对 HIEs 和 LMEs 的出口质量都有显着的积极影响，而金融机构指标的两个维度对 UMEs 没有显着影响。