经济发展的 "宽松资本模式

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-07-24 DOI:10.1111/roie.12775

T. Tabuchi, Congcong Wang, Xiwei Zhu

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引用次数: 0

摘要

我们提出了一个两国经济中的资本流动模型，以及制造业和自然资源部门中的异质制造业企业，以分析贸易自由化和技术进步对净资本流动、净出口和社会福利的影响。我们的主要分析结果是，滞后国家最初会因制造业的高技术差距和规模报酬递增而出现资本外流，然后又会因本国市场效应而出现资本流入。这与中国最初是制成品净进口国，最近成为净出口国的事实相吻合。这些结果与 1978 年改革开放政策后获得的数据一致。

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A footloose capital model of economic development

We present a footloose capital model in a two‐country economy and the manufacturing and natural resource sectors with heterogeneous manufacturing firms to analyze the impacts of trade liberalization and technological progress on the net capital flows, net export, and social welfare. Our main analytical result is that a lagged country initially experiences capital outflow due to the high technological gap in the manufacturing sector with increasing returns to scale, then capital inflow due to the home market effect. This corresponds with the fact that China was a net importer of manufactured goods initially, and became a net exporter recently. These results are consistent with the data obtained after the reform and opening‐up policy in 1978.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.