Comparative advantage in trade in financial services

Authors

  • H.W. ARNDT

DOI:

https://doi.org/10.13133/2037-3643/11106

Keywords:

Financial services, comparative trade, international capital movements, property income, direct foreign investment

Abstract

The pattern of trade in financial services can be explained in terms of comparative advantage and distortions, similarly to trade in manufactures. This article examines international capital movements and property income as well as direct foreign investment in financial enterprises. The author shows that certain countries are responsible for bank lending abroad more or less in proportion to the size of their domestic economies whereas others specialise in international bank lending.

 

JEL: G20, F30

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Published

2013-11-23

How to Cite

ARNDT, H. (2013). Comparative advantage in trade in financial services. PSL Quarterly Review, 41(164). https://doi.org/10.13133/2037-3643/11106

Issue

Vol. 41 No. 164 (1988)

Section

Editorial

License

 
 
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