第149回「制度と組織の経済学」研究会 (共催：IPP研究会）

日時:　2022年12月16日（金）13:30 ～ 15:00
開催方法:    オンラインにて開催
申込:　[encode]yuri-kitabayashi@iss.u-tokyo.ac.jp[/encode]（東京大学中林研究室 北林様宛)

Presenter:
大土井 涼二氏（関西学院大学 経済学部）

Title: “A heterogeneous-firm model of trade and growth with country-specific credit constraints”

[su_quote cite=”Abstract：Ryoji Ohdoi”]How does the international asymmetry in the degree of credit market imperfections affect patterns of trade, financial flows, and the growth rate? To investigate this issue in a unified framework, in this study we introduce financial frictions into an asymmetric two-country model of trade, growth, and firm heterogeneity. Owing to asymmetric countries, the market size for the tradable goods in each country is endogenously determined. Main results are summarized as follows. First, unilateral relaxation of credit constraints in one country enlarges the market size for the tradable goods in that country. Second, such a change in the market size facilitates elimination of unproductive firms even in the other country. Third, then, even unilateral relaxation of credit constraints increases the both countries’ common long-run growth rate. [/su_quote]

• 共催：東京大学社会科学研究所 & IPP研究会
• 問合せ：東京大学社会科学研究所  中林真幸研究室