How Trade Dampens the Impact of Financial Frictions in the Presence of Large Firms
In this paper we aim, first, to examine how an economy’s financial development affects the welfare gains from trade and, second, to uncover how large firms threaten to suppress these gains, through the exertion of market power and their confirmed preferential access to liquidity. To this purpose, we...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-10-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/10/11/266 |