| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23921 |
| 来源ID | Working Paper 23921 |
| Does Capital Scarcity Matter? | |
| Anusha Chari; Peter Blair Henry; Racha Moussa | |
| 发表日期 | 2017-10-16 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper quantifies the welfare impact of a permanent increase in the level of per capita income brought about by a temporary increase in the growth rate of GDP per capita following capital account liberalization. In the immediate aftermath of liberalization, and under a range of assumptions, differences between the autarkic and integrated equilibrium consumption paths are large. Yet the welfare impact of these differences is small when using infinite horizon consumption streams to compute welfare gains. The results suggest that a finite horizon framework may be more appropriate and policy-relevant for evaluating the welfare consequences of economic policy changes that induce temporary growth effects but have a permanent impact on the level of per capita incomes. |
| 主题 | International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics ; Globalization and International Relations ; Financial Economics ; Financial Markets |
| URL | https://www.nber.org/papers/w23921 |
| 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/581594 |
| 推荐引用方式 GB/T 7714 | Anusha Chari,Peter Blair Henry,Racha Moussa. Does Capital Scarcity Matter?. 2017. |
| 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 | ||
| w23921.pdf（240KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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