haku: @indexterm open economy / yhteensä: 204
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| Tekijä: | Cartiglia, F. |
| Otsikko: | Credit constraints and human capital accumulation in the open economy |
| Lehti: | Journal of International Economics
1997 : AUG, VOL. 43:1/2, p. 221-236 |
| Asiasana: | OPEN ECONOMY CREDIT HUMAN CAPITAL |
| Kieli: | eng |
| Tiivistelmä: | This paper analyzes the implications of capital market imperfections for understanding the causes and consequences of international trade. Credit constraints in financing education and exogenous income distribution affect patterns of comparative advantage and are crucial in determining the impact of international trade. Unlike the standard results in the trade literature, in the model here, trade liberalization in a skill-scarce country leads to higher investments in human capital. |
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