Matches in SemOpenAlex for { <https://semopenalex.org/work/W3126009085> ?p ?o ?g. }
Showing items 1 to 90 of
90
with 100 items per page.
- W3126009085 abstract "This paper aims at clarifying the analytical conditions under which financial globalization originates welfare gains in a simple endogenous growth setting. We focus on an open-economy AK model in which the capital-deepening effect of financial globalization boosts growth in a in permanent but entails an entry cost in order to access international credit markets. We show that constrained borrowing triggers substantial welfare gains, even at small levels of international financial integration, provided that the autarkic growth rate is larger than the world interest rate. Such conditional welfare benefits boosted by stronger growth - long-run gain - arise in our preferred model without investment commitment and they range, relative to autarky, from about 2% in middle-income countries to about 13% in OECD-type countries under international financial integration. Sizeable benefits emerge despite the fact that consumption initially falls - short-run pain - which is however shown not to dwarf positive growth changes." @default.
- W3126009085 created "2021-02-01" @default.
- W3126009085 creator A5025840344 @default.
- W3126009085 creator A5030655393 @default.
- W3126009085 creator A5088432982 @default.
- W3126009085 date "2016-06-01" @default.
- W3126009085 modified "2023-09-27" @default.
- W3126009085 title "Short-run pain, long-run gain: the conditional welfare gains from international financial integration" @default.
- W3126009085 hasPublicationYear "2016" @default.
- W3126009085 type Work @default.
- W3126009085 sameAs 3126009085 @default.
- W3126009085 citedByCount "1" @default.
- W3126009085 countsByYear W31260090852017 @default.
- W3126009085 crossrefType "posted-content" @default.
- W3126009085 hasAuthorship W3126009085A5025840344 @default.
- W3126009085 hasAuthorship W3126009085A5030655393 @default.
- W3126009085 hasAuthorship W3126009085A5088432982 @default.
- W3126009085 hasConcept C100243477 @default.
- W3126009085 hasConcept C10138342 @default.
- W3126009085 hasConcept C144024400 @default.
- W3126009085 hasConcept C162324750 @default.
- W3126009085 hasConcept C175025494 @default.
- W3126009085 hasConcept C17744445 @default.
- W3126009085 hasConcept C18547055 @default.
- W3126009085 hasConcept C190430219 @default.
- W3126009085 hasConcept C19244329 @default.
- W3126009085 hasConcept C199539241 @default.
- W3126009085 hasConcept C204208750 @default.
- W3126009085 hasConcept C2119116 @default.
- W3126009085 hasConcept C27548731 @default.
- W3126009085 hasConcept C2776943663 @default.
- W3126009085 hasConcept C2776988154 @default.
- W3126009085 hasConcept C2777883944 @default.
- W3126009085 hasConcept C2780615719 @default.
- W3126009085 hasConcept C2781301651 @default.
- W3126009085 hasConcept C30772137 @default.
- W3126009085 hasConcept C34447519 @default.
- W3126009085 hasConcept C36289849 @default.
- W3126009085 hasConcept C556758197 @default.
- W3126009085 hasConcept C94625758 @default.
- W3126009085 hasConceptScore W3126009085C100243477 @default.
- W3126009085 hasConceptScore W3126009085C10138342 @default.
- W3126009085 hasConceptScore W3126009085C144024400 @default.
- W3126009085 hasConceptScore W3126009085C162324750 @default.
- W3126009085 hasConceptScore W3126009085C175025494 @default.
- W3126009085 hasConceptScore W3126009085C17744445 @default.
- W3126009085 hasConceptScore W3126009085C18547055 @default.
- W3126009085 hasConceptScore W3126009085C190430219 @default.
- W3126009085 hasConceptScore W3126009085C19244329 @default.
- W3126009085 hasConceptScore W3126009085C199539241 @default.
- W3126009085 hasConceptScore W3126009085C204208750 @default.
- W3126009085 hasConceptScore W3126009085C2119116 @default.
- W3126009085 hasConceptScore W3126009085C27548731 @default.
- W3126009085 hasConceptScore W3126009085C2776943663 @default.
- W3126009085 hasConceptScore W3126009085C2776988154 @default.
- W3126009085 hasConceptScore W3126009085C2777883944 @default.
- W3126009085 hasConceptScore W3126009085C2780615719 @default.
- W3126009085 hasConceptScore W3126009085C2781301651 @default.
- W3126009085 hasConceptScore W3126009085C30772137 @default.
- W3126009085 hasConceptScore W3126009085C34447519 @default.
- W3126009085 hasConceptScore W3126009085C36289849 @default.
- W3126009085 hasConceptScore W3126009085C556758197 @default.
- W3126009085 hasConceptScore W3126009085C94625758 @default.
- W3126009085 hasLocation W31260090851 @default.
- W3126009085 hasOpenAccess W3126009085 @default.
- W3126009085 hasPrimaryLocation W31260090851 @default.
- W3126009085 hasRelatedWork W1522908376 @default.
- W3126009085 hasRelatedWork W1538941712 @default.
- W3126009085 hasRelatedWork W1553312771 @default.
- W3126009085 hasRelatedWork W1570772708 @default.
- W3126009085 hasRelatedWork W1576012611 @default.
- W3126009085 hasRelatedWork W1580537662 @default.
- W3126009085 hasRelatedWork W1881798209 @default.
- W3126009085 hasRelatedWork W1994242691 @default.
- W3126009085 hasRelatedWork W2001730774 @default.
- W3126009085 hasRelatedWork W2090143034 @default.
- W3126009085 hasRelatedWork W2123867729 @default.
- W3126009085 hasRelatedWork W2143472392 @default.
- W3126009085 hasRelatedWork W2151066109 @default.
- W3126009085 hasRelatedWork W2626485611 @default.
- W3126009085 hasRelatedWork W3122330933 @default.
- W3126009085 hasRelatedWork W3122785497 @default.
- W3126009085 hasRelatedWork W3123349002 @default.
- W3126009085 hasRelatedWork W3125191284 @default.
- W3126009085 hasRelatedWork W3140856698 @default.
- W3126009085 hasRelatedWork W3200630411 @default.
- W3126009085 isParatext "false" @default.
- W3126009085 isRetracted "false" @default.
- W3126009085 magId "3126009085" @default.
- W3126009085 workType "article" @default.