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研討日期 |
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研討地點 |
台大社會科學院電化教室 |
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題目 |
Firm
Heterogeneity, Financial Imperfection, and International Trade |
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作者 |
Taiji Furusawa and Noriyuki Yanagawa |
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文獻出處 |
Working Paper |
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報告人 |
Noriyuki Yanagawa |
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參加人員 |
柳川範之、黃鴻、江永裕、梁文榮、彭正浩、張瑞雲、林燕淑、鍾暳陵、陳玉晏、陳瑀屏、蔡明芳、張志偉、周冰瑤、曾靜枝、丁虹仁、高國峯、王佳琪、陳金盛、陳宏易、林晏如、王光正、王羿傑 |
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摘要 |
The paper investigates the role of wealth distributions and financial
institutions of an economy on within-industry firm heterogeneity in
productivity. If there is no financial imperfection so that entrepreneurs are
not constrained in borrowing, all of them make the same, optimal,
productivity-enhancing investment. As a result, the industry will be composed
of many homogeneous firms. If there exists financial imperfection, on the
other hand, borrowing is constrained so the initial wealth of an entrepreneur
becomes important. Given that the individuals of the economy are endowed with
heterogeneous wealth, entrepreneurs with different wealth levels may choose
different investment levels, resulting in the firm heterogeneity in
productivity. The paper examines the impacts of the goods and capital trade
on the market structure of the differentiated good sector. |
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備註 |
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