Endowment Versus Finance : A Wooden Barrel Theory of International Trade /
This paper develops a theory of international trade in which financial development and factor endowments jointly determine comparative advantage. We apply the financial contract model of Holmstrom and Tirole (1998) to the Heckscher-Ohlin-Samuelson (HOS) model in which firms' dependence on exter...
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2005/123 |
| Acceso en línea: | Full text available on IMF |