{"title":"金融一体化对结构相似性的影响:消费、风险分担与专业化","authors":"Taiyo Yoshimi","doi":"10.5652/INTERNATIONALECONOMY.IE2009.04.Y","DOIUrl":null,"url":null,"abstract":"Using panel data for 17 Organization for Economic Co-operation and Development (OECD) countries for the period 1983-2003, this paper investigates the effects of financial integration on specialization and international structural similarity. Theoretically, financial integration motivates countries to specialize on the basis of their comparative advantages and decreases the structural similarity between them. Our empirical analyses support the hypothesis.","PeriodicalId":22492,"journal":{"name":"The International economy","volume":"51 1","pages":"50-64"},"PeriodicalIF":0.0000,"publicationDate":"2009-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Effects of Financial Integration on Structural Similarity: Consumption Risk-sharing and Specialization\",\"authors\":\"Taiyo Yoshimi\",\"doi\":\"10.5652/INTERNATIONALECONOMY.IE2009.04.Y\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Using panel data for 17 Organization for Economic Co-operation and Development (OECD) countries for the period 1983-2003, this paper investigates the effects of financial integration on specialization and international structural similarity. Theoretically, financial integration motivates countries to specialize on the basis of their comparative advantages and decreases the structural similarity between them. Our empirical analyses support the hypothesis.\",\"PeriodicalId\":22492,\"journal\":{\"name\":\"The International economy\",\"volume\":\"51 1\",\"pages\":\"50-64\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2009-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The International economy\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.5652/INTERNATIONALECONOMY.IE2009.04.Y\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The International economy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5652/INTERNATIONALECONOMY.IE2009.04.Y","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Effects of Financial Integration on Structural Similarity: Consumption Risk-sharing and Specialization
Using panel data for 17 Organization for Economic Co-operation and Development (OECD) countries for the period 1983-2003, this paper investigates the effects of financial integration on specialization and international structural similarity. Theoretically, financial integration motivates countries to specialize on the basis of their comparative advantages and decreases the structural similarity between them. Our empirical analyses support the hypothesis.