WEKO3
アイテム
A Consideration on the Directions of Capital Movements under Capital Market Imperfections
https://kitakyu.repo.nii.ac.jp/records/108
https://kitakyu.repo.nii.ac.jp/records/1086b2dad6f-5cbc-43a8-af26-e761a0f05751
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
商-43(1-4)-3 (420.5 kB)
|
|
| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2012-07-07 | |||||
| タイトル | ||||||
| タイトル | A Consideration on the Directions of Capital Movements under Capital Market Imperfections | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Capital Market Imperfections | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Capital Movements | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Verifi cation Cost | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 著者 |
Naohisa Goto
× Naohisa Goto |
|||||
| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 159 | |||||
| 姓名 | 後藤, 尚久 | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | I investigate capital movements under capital market imperfections in an endogenously growing economy. According to the classical or standard model of international monetary theory, capital fl ows from rich to poor countries because marginal productivity of capital that equals to interest rate in poor countries is higher than that in rich countries. In the actual world, however, the capital in most of developing countries flows out to the foreign financial market. In this paper, I show that the interest rates depend on the monitoring cost or verification cost which is the cost to verify or to monitor the realized return of borrowers' investment projects. Under then assumption that verification cost depends on the existing capital in an economy, the relation between verifi cation cost and interest rate determines the direction of capital movements. If growth of economy leads to the decreases in the cost of verifi cation,capital in developing countries fl ows out to developed countries. | |||||
| 書誌情報 |
北九州市立大学商経論集 en : The Review of business and economics 巻 43, 号 1・2・3・4, p. 51-59, 発行日 2008-03 |
|||||
| 出版者 | ||||||
| 出版者 | 北九州市立大学経済学会 | |||||
| ISSN | ||||||
| 収録物識別子タイプ | PISSN | |||||
| 収録物識別子 | 13472623 | |||||
| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA11572872 | |||||
