Mobile Capital and the Home Market Effect
Mobile Capital and the Home Market Effect
复制标题
移动资本和家庭市场效应
DOI：
10.1111/j.1540-5982.2012.01727.x
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发表时间：
2012
期刊：
影响因子：
--
通讯作者：
D.-Z.
中科院分区：
文献类型：
--
作者：
Takatsuka;H. and Zeng;D.-Z.
大多数现有研究在固定劳动力作为唯一生产要素的框架内检查国内市场效应（HME），并且假设自由交易的同质商品对于HME的出现至关重要。本研究通过使用允许同质商品的正运输成本的自由资本模型，探讨了移动资本存在下的HME。流动资本为抵消一国的贸易不平衡提供了渠道。因此，HME总是出现在差异化和同质商品的任意运输成本中。
Most existing studies examine the home market effect (HME) in a framework with immobile labour as the only production factor and the assumption of a freely traded homogeneous good is known to be crucial for the HME to emerge. This study explores the HME in the presence of mobile capital by use of a footloose capital model allowing for positive transport costs of the homogeneous good. The mobile capital generates a channel to offset the trade imbalance of a country. As a result, the HME always appears for arbitrary transport costs in both sectors of differentiated and homogeneous goods.