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来源类型Working Paper
规范类型报告
DOI10.3386/w23757
来源IDWorking Paper 23757
Trade and Investment in the Global Economy
James E. Anderson; Mario Larch; Yoto V. Yotov
发表日期2017-09-04
出版年2017
语种英语
摘要We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology capital. The model nests structural gravity sub-systems for FDI and trade, with accumulation/decumulation of phyisical and technology capital in transition to the steady state. The empirical importance of the FDI channel is demonstrated comparing actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount to 9\% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI substitute for export trade in the results.
主题International Economics ; Trade ; International Macroeconomics
URLhttps://www.nber.org/papers/w23757
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581431
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GB/T 7714
James E. Anderson,Mario Larch,Yoto V. Yotov. Trade and Investment in the Global Economy. 2017.
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