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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/17729
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| Title: | | The Influence of Capital Market Integration on Production and Market Structures  |
| Authors: | | Koop, Michael J. |
| Issue Date: | | 2001 |
| Series/Report no.: | | Kieler Arbeitspapiere 1040 |
| Abstract: | | The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined. First, capital is internationally immobile, secondly, capital is partly mobile, and finally perfect capital mobility is considered. The analysis is carried by means of a general equilibrium model of international trade which incorporates the new trade theory as well as aspects of the theory of multinational enterprises. Simulations of each of the three versions of the model for different absolute and relative factor endowments provide insights into the changes that are brought about by capital market integration. |
| Subjects: | | Market Structure International Trade Foreign Direct Investment Multinational Enterprise |
| JEL: | | F21 L11 F12 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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