Trade Openness and Investment Instability
收藏NBER2002-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8827
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In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of investment and its cyclical behavior. Trade openness may lead to a discrete 'jump' in the level of investment, as it may trigger a discrete change in the terms of trade. Such a
在存在投资调整的块状成本(lumpy investment cost of adjustment)时,全球化可能对投资水平及其周期性行为产生非常规效应。贸易开放度可能导致投资水平出现离散性“跳跃”,因为它可能引发贸易条件的离散性变化。此类
提供机构:
美国国家经济研究局
创建时间:
2002-03-01



