文章基本信息

标题：The impact of financial market imperfections on trade and capital flows
本地全文：下载
作者：Spiros Bougheas ; Rod Falvey
期刊名称：EconoQuantum
印刷版ISSN：1870-6622
出版年度：2009
卷号：6
期号：1
页码：91-110
语种：English
出版社：Universidad de Guadalajara
其他摘要：We introduce financial frictions in a two sector model of international trade with heterogeneous agents. The level of specialization in the economy (economic development) depends on the quality of financial institutions. Underdeveloped financial markets prohibit an economy to specialize in sectors where finance is important. Capital flows and international trade are complements when countries differ in the degree of development of their financial sectors. Capital flows to countries with more robust financial institutions which in turn allow their economies to develop sectors that are financially dependent.
关键词：Trade flows; capital flows; financial frictions