ON THE ROLE OF FINANCIAL FRICTIONS AND THE SAVING RATE DURING TRADE LIBERALIZATIONS
نویسندگان
چکیده
منابع مشابه
On the Role of Financial Frictions and the Saving Rate during Trade Liberalizations
We study how nancial frictions and the saving rate shape the long-run e¤ects of trade liberalization on income, consumption and the distribution of wealth in nancially underdeveloped economies. In our model, regardless of whether the capital account is open or not, trade liberalization reduces the share of wealth in the hands of entrepreneurs and may well reduce steady state consumption and i...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2010
ISSN: 1542-4766
DOI: 10.1111/j.1542-4774.2010.tb00515.x