Converge or Integrate? A Note on Gourinchas and Jeanne : The Elusive Gains from International Financial Integration

Gourinchas and Jeanne (2006) explain that the gains from capital market integration are small because the natural convergence of economies would have "done the work" of integration if it had not occurred. We provide a simple illustration of this standard theoretical argument using the simplest Solow model in a small open economy

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Year of publication:	2017
Authors:	Darreau, Philippe
Other Persons:	Pigalle, Francois (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Wirtschaftliche Konvergenz \| Economic convergence \| Wachstumstheorie \| Growth theory \| Kapitalmobilität \| Capital mobility \| Entwicklungsländer \| Developing countries \| Wohlfahrtsanalyse \| Welfare analysis \| Bildungsinvestition \| Human capital investment \| Wirtschaftsintegration \| Economic integration

Extent:	1 Online-Ressource (5 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Philippe Darreau and Francois Pigalle, (2016) ''Converge or integrate? A note on Gourinchas and Jeanne: The elusive gains from international financial integration'', Economics Bulletin, Volume 36, Issue 2, pages 789-792 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 29, 2016 erstellt
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; F21 - International Investment; Long-Term Capital Movements ; O16 - Financial Markets; Saving and Capital Investment
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012969385