| Revue: | EconoQuantum |
| Base de datos: | CLASE |
| Número de sistema: | 000316168 |
| ISSN: | 1870-6622 |
| Autores: | Bougheas, Spiros1 Falvey, Rod1 |
| Instituciones: | 1University of Nottingham, GEP and School of Economics, Nottingham, Nottinghamshire. Reino Unido |
| Año: | 2009 |
| Periodo: | Jul-Dic |
| Volumen: | 6 |
| Número: | 1 |
| Paginación: | 91-110 |
| País: | México |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Descriptivo, aplicado |
| Resumen en inglés | 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 |
| Disciplinas: | Economía |
| Palabras clave: | Econometría, Flujos de capital, Mercado financiero |
| Texte intégral: | Texto completo (Ver PDF) |
