Relationship between international factoring and cross-border trade: A granger causality approach
By: Zericho, R. and Marak, Deepa Pillai
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BookPublisher: Margin: The Journal of Applied Economic Research Description: 15(3), Aug, 2021: p.320-337.Subject(s): Factoring, Trade finance, Cross-border trade, International trade, Import, Export, Granger causality
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Margin: The Journal of Applied Economic ResearchSummary: Trade finance is integral for international trade as it offers fluidity and safety to the movement of merchandise and services globally. After the financial crisis of 2008–2009, there has been an increase in the use of open accounts, which enhances the possibilities for availing factoring for international trade. International factoring has witnessed considerable growth in the last decade. This article examines the relationship between international factoring and cross-border trade using Granger causality. It also examines the causal relations of international factoring with disaggregated data of cross-border trade of imports and exports. We find a unidirectional causal flow from international trade to international factoring, and a unidirectional casual flow from exports to international factoring. – Reproduced
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Articles
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Indian Institute of Public Administration | 15(3), Aug, 2021: p.320-337 | Available | AR125903 |
Trade finance is integral for international trade as it offers fluidity and safety to the movement of merchandise and services globally. After the financial crisis of 2008–2009, there has been an increase in the use of open accounts, which enhances the possibilities for availing factoring for international trade. International factoring has witnessed considerable growth in the last decade. This article examines the relationship between international factoring and cross-border trade using Granger causality. It also examines the causal relations of international factoring with disaggregated data of cross-border trade of imports and exports. We find a unidirectional causal flow from international trade to international factoring, and a unidirectional casual flow from exports to international factoring. – Reproduced
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