Banking Crisis and Exports 1980-2006

World, 1980 - 2006

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Reference ID

WLD_2006_BCE_v01_M

Producer(s)

Leonardo Iacovone (World Bank) and Veronika Zavacka (Graduate Institute for International and Development Studies)

Metadata

DDI/XML JSON

Study website

Created on

Nov 10, 2011

Last modified

Mar 29, 2019

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External finance dependence (Rajan, Zingales 1998) (RZ)

Data file: FinalDataset

Overview

Valid: 38111

Invalid: 1477

Minimum: -0.45

Maximum: 1.49

Mean: 0.309

Standard deviation: 0.326

Type: Continuous

Decimal: 0

Start: 84

End: 101

Width: 18

Range: -

Format:

Description

Definition

RZ is the measure of external dependence. The measure of external finance dependence is based on data of listed US companies provided in Compustat and obtained from Rajan and Zingales (1998). They compute the proxy as a fraction of capital expenditures that an industry is not able to finance with internal funds. To construct it they first compute the median of all firms in each sector and year and then they average the sectoral measures over the entire period of 1980-89.

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