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Trade and Capital Flows: A Financial Frictions Perspective

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NBER2007-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13241
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The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the
创建时间:
2007-07-01
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