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Capital Flows to Developing Countries: A view from Trade

主讲人: Paolo Epifani
主讲人简介:

Paolo Epifani教授现为英国诺丁汉大学国际经济学教授。 Paolo Epifani教授是一位杰出的理论和实证国际贸易学者,在Review of Economics Studies, Review of Economics and Statistics, Journal of International Economics, The Economic Journal等国际顶尖经济学杂志发表多篇论文。

Upload/File/2018/11/20181107095053804.pdf

主持人: 徐扬
简介:
Net capital inflows are negatively correlated with productivity growth in a cross-section of developing and emerging countries observed between 1980 and 2000 (Gourinchas and Jeanne, 2013). This is the so-called allocation puzzle, and in this paper I provide a view from trade on it. Specifically, I formulate, calibrate and compute a quantitative trade model à la Dekle, Eaton and Kortum (2007), augmented to incorporate the key ingredients of a two-sector model of monopolistic competition à la Krugman and Venables (1995). The model provides an intuitively appealing explanation for the allocation puzzle, and a calibrated version of it replicates well the key patterns in Gourinchas and Jeanne's data.
时间: 2018-11-15(Thursday)12:30-14:00
地点: 经济楼N座301
期数: 国际经贸名人论坛第183讲
主办单位: 经济学院、王亚南经济研究院
承办单位: 国际经济与贸易系
类型: 独立讲座
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