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| Autore principale: | |
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| Natura: | Artículo científico |
| Lingua: | en |
| Pubblicazione: |
Universidad de Guadalajara
2009
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| Soggetti: | |
| Accesso online: | https://www.redalyc.org/articulo.oa?id=125012551007 |
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Sommario:
- The impact of financial market imperfections on trade and capital flows Spiros Bougheas Rod Falvey Economía y Finanzas Trade flows capital flows financial frictions 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 where finance is important. Capital flows and international trade are complements when countries differ in the degree of development of their financial sectors. Capital flows to countries with more robust financial institutions which in turn allow their economies to develop sectors that are financially dependent. 2009 artículo científico 1870-6622 https://www.redalyc.org/articulo.oa?id=125012551007 en http://www.redalyc.org/revista.oa?id=1250 EconoQuantum application/pdf Universidad de Guadalajara EconoQuantum (México) Num.1 Vol.6