Global Diversification, Growth and Welfare with Imperfectly Integrated Markets for Goods
收藏NBER1999-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6994
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资源简介：
In this article, we examine the effect of the imperfect mobility of goods on international risk sharing and, through that, on the investment in risky projects, welfare and growth. We find that the welfare gain of financial market openness is not monotonic with respect to investors' risk aversion and
提供机构：
美国国家经济研究局
创建时间：
1999-03-01
