| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2487 |
| 来源ID | Working Paper 2487 |
| The Implications of Knowledge-Based Growth for the Optimality of Open Capital Markets | |
| Meir Kohn; Nancy Peregrim Marion | |
| 发表日期 | 1988 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | This paper reexamines the view that opening capital markets must have long-run benefits. The analysis shows that the desirability of opening a country's capital markets depends on the nature of the technology assumed. Models of knowledge-based growth predict that changes which alter the economy's level of production will also affect the economy's growth rate and hence the welfare of future generations. Standard neoclassical growth models imply no such effects on growth or welfare. If production does involve an important element of learning by doing, inference from the standard models may be seriously misleading. In particular, opening capital markets does not necessarily improve welfare for the nation or for the world as a whole. |
| 主题 | International Economics ; Macroeconomics |
| URL | https://www.nber.org/papers/w2487 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559743 |
| 推荐引用方式 GB/T 7714 | Meir Kohn,Nancy Peregrim Marion. The Implications of Knowledge-Based Growth for the Optimality of Open Capital Markets. 1988. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2487.pdf（308KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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