Trade-Driven Sectoral Upgrading and the Global Imbalances

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Show simple item record Zhang, Haiping en
dc.coverage.spatial Cologne, Germany en 2020-01-12T22:38:17Z en 2018-08-28 en
dc.identifier.uri en
dc.description.abstract This paper analyzes how trade integration may affect international financial flows in a world with heterogeneous financial development. In the presence of financial frictions and sector-specific minimum investment requirements, the static gains from trade triggers the cross-sector investment reallocation on the extensive margin, which may allow the more financially developed country (North) to offshore low-return production activities and upgrade to high-return activities. This way, trade-driven sectoral upgrading in North becomes a mechanism through which the substantial decline in trade and communication costs and the resulting boom in supply-chain trade may contribute to the global imbalances in the recent decades. en
dc.description.uri en
dc.relation.ispartof 2018 European Summer Meeting of the Econometric Society en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri en
dc.title Trade-Driven Sectoral Upgrading and the Global Imbalances en
dc.type Conference Item en
dc.rights.holder Copyright: The author en en
pubs.finish-date 2018-08-31 en
pubs.start-date 2018-08-27 en
dc.rights.accessrights en
pubs.subtype Conference Paper en
pubs.elements-id 786864 en Business and Economics en Economics en
pubs.record-created-at-source-date 2019-11-26 en

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