Financial Institution and Firm Heterogeneity: Effects of International Capital Movement and Costly Trade in Goods on Industrial Structures
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- Furusawa Taiji
- 一橋大学
Bibliographic Information
- Other Title
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- 金融制度と非同質的企業
- 金融制度と非同質的企業 : 国際資本移動と貿易費用を伴う財貿易が産業構造に与える影響
- キンユウ セイド ト ヒドウ シツテキ キギョウ コクサイ シホン イドウ ト ボウエキ ヒヨウ オ トモナウ ザイ ボウエキ ガ サンギョウ コウゾウ ニ アタエル エイキョウ
- —国際資本移動と貿易費用を伴う財貿易が産業構造に与える影響—
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Abstract
Building on an earlier version of Furusawa and Yanagawa (2009), this paper argues that financial imperfection causes firm heterogeneity in productivity. In the existence of fixed costs of exporting, international trade in goods increases the number of high-tech firms while it decreases the number of low-tech firms in each of the symmetric countries. International capital movements, on the other hand, leads to a capital inflow to a financially developed country expanding its industry that requires ex post investment, while it leads to a capital outflow from a financially undeveloped country shrinking its industry.
Journal
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- KOKUSAI KEIZAI
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KOKUSAI KEIZAI 2009 (60), 112-129, 2009
The Japan Society of International Economics
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Details 詳細情報について
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- CRID
- 1390282679535348736
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- NII Article ID
- 130002146293
- 120003802947
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- NII Book ID
- AN00088982
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- ISSN
- 18844359
- 03873943
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- HANDLE
- 10086/22156
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- NDL BIB ID
- 10778900
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- Data Source
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- JaLC
- IRDB
- NDL
- Crossref
- CiNii Articles
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- Abstract License Flag
- Disallowed