Risk-Taking, Global Diversification, and Growth
收藏NBER1992-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4093
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资源简介：
This paper develops a dynamic continuous-time model in which international risk sharing can yield substantial welfare gains through its positive effect on expected consumption growth. The mechanism linking global diversification to growth is an attendant world portfolio shift from safe, but low
提供机构：
美国国家经济研究局
创建时间：
1992-06-01
