The impact of financial market imperfections on trade and capital flows
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 w...
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| Publicado no: | EconoQuantum |
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| Principais autores: | , |
| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Universidad de Guadalajara
2009
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| Assuntos: | |
| Acesso em linha: | https://www.redalyc.org/articulo.oa?id=125012551007 |
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