Trade, Finance, Specialization and Synchronization
نویسندگان
چکیده
منابع مشابه
Trade, Finance, Specialization and Synchronization
I investigate the determinants of business cycles synchronization, across regions and over time. I use both international and intranational data to evaluate the linkages between trade in goods, trade in ...nancial assets, specialization and business cycles synchronization in the context of a system of simultaneous equations. In all speci...cations, the results are as follows. (i) Simultaneity i...
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This paper proposes a model of international trade with capital accumulation and nancial intermediation. This is achieved by embedding the Melitz (2003) model into an incomplete-markets neoclassical framework with an endogenous credit market. The model preserves the analytical tractability of the original Melitz model despite nontrivial distribution of rmsnet worth and capital stocks. We use...
متن کاملTrade, Finance, Specialization and Synchronization, by Jean Imbs (London Business School) . January 27, 2003. Global Linkages Conference, Washington, DC, January 30-31, 2003, International Monetary Fund
I investigate the determinants of business cycles synchronization, across regions and over time. I use both international and intranational data to evaluate the linkages between trade in goods, trade in ...nancial assets, specialization and business cycles synchronization in the context of a system of simultaneous equations. In all speci...cations, the results are as follows. (i) Simultaneity i...
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This paper proposes a model of international trade with capital accumulation and nancial frictions. This is achieved by embedding the Melitz (2003) model into an incomplete-markets neoclassical framework with an endogenous credit market. The model preserves the analytical tractability of the original Melitz model. We use the model to examine the di¤erential e¤ects of nancial and non- nancial ...
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The paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Depending on R&D choice, innovative firms are more productive, have larger investment opportunities and lower own funds than non-innovating firms. As a result, innovative firms are financially constrained while standard firms are not. The efficiency of the financial sector and a coun-try's institutional...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.382283