| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2672 |
| DP2672 Arbitrage with Inelastic Liquidity Demand and Financial Constraints | |
| Antonio S. Mello; Mukarram Attari | |
| 发表日期 | 2001-01-30 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper studies the evolution of sectoral labour concentration in relation to the level of per capita income. We show that various measures of sectoral concentration follow a U-shaped pattern across a wide variety of data sources: countries first diversify, in the sense that labour is spread more equally across sectors, but there exists, relatively late in the development process, a point at which they start to specialize again. We introduce a model with endogenous costs of trading internationally that provides an explanation for this new empirical fact. The model highlights a trade-off between the benefits of diversification in the context of high trading costs, and the benefits of specialization in a Ricardian sense. |
| 主题 | International Macroeconomics |
| 关键词 | Specialization International macroeconomics International trade Comparative advantage |
| URL | https://cepr.org/publications/dp2672 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531731 |
| 推荐引用方式 GB/T 7714 | Antonio S. Mello,Mukarram Attari. DP2672 Arbitrage with Inelastic Liquidity Demand and Financial Constraints. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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