On the role of financial frictions and the saving rate during trade liberalizations
We study how financial frictions and the saving rate shape the long-run effects of trade liberalization on income, consumption, and the distribution of wealth in financially underdeveloped economies. In our model, regardless of whether the capital account is open or not, trade liberalization reduces...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
MIT Press,
2010-10-04T14:34:30Z.
|
| Subjects: | |
| Online Access: | Get fulltext |