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Title:The Influence of Capital Market Integration on Production and Market Structures PDF Logo
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:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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