The present work analyzes the effects of goods and capital market integration on welfare. In an imperfectly competitive … company and undertaking Greenfield Foreign Direct Investment (FDI) exemplify product and capital market liberalization …

industries. Since the labor market distortion becomes less severe, unionized and non-unionized firms become more similar in the …

macroeconomic and distributional effects of financial market integration for small economies which differ only with respect to the … tightness of constraints on the domestic credit market. The results contribute to an explanation of the "Lucas paradox", i … tighter domestic constraints and lower capital returns. Capital market liberalization goes along with adjustments towards the …

This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and …