Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "10957"
  #_source: array:26 [
    "id" => "10957"
    "slug" => "credit-market-quality-innovation-and-trade"
    "yearMonth" => "2020-07"
    "year" => "2020"
    "title" => "Credit Market Quality, Innovation and Trade"
    "description" => "TERRA, C. et VASCONCELOS, E. (2020). Credit Market Quality, Innovation and Trade. <i>Revue Economique</i>, 71(5), pp. 773-814."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "TERRA Cristina"
        "bid" => "B00204269"
        "slug" => "terra-cristina"
      ]
      1 => array:1 [
        "name" => "VASCONCELOS Enrico"
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:1 [
      0 => "Institutions, innovation, trade pattern"
    ]
    "updatedAt" => "2023-05-31 10:05:20"
    "publicationUrl" => "https://doi.org/10.3917/reco.715.0773"
    "publicationInfo" => array:3 [
      "pages" => "773-814"
      "volume" => "71"
      "number" => "5"
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "En utilisant un modèle d’équilibre général avec un financement privé de la R&D, nous examinons l’impact de l’ouverture des échanges sur l’innovation, la structure des échanges et le bien-être de deux pays égaux à tous égards, à l’exception de la qualité de leurs marchés de crédit. Nous montrons que l’ouverture des échanges accroît l’innovation uniquement dans le pays doté d’un meilleur marché du crédit, alors que cela a un impact négatif sur l’innovation lorsque les marchés du crédit sont moins développés. En ce qui concerne la structure des échanges, le pays avec le marché du crédit le plus défavorisé importe des biens de haute technologie et exporte des biens traditionnels. En termes de bien-être, l’ouverture au commerce peut réduire le bien-être des individus à court terme, mais à long terme, ils sont tous mieux lotis dans le cadre du libre-échange que s’ils étaient en autarcie."
      "en" => "Using a general equilibrium model with private R&D financing, we investigate the impact of trade openness on innovation, trade patterns and welfare for two countries that are equal in all aspects except for the quality of their credit markets. We show that trade openness increases innovation only in the country with the better credit market, while it has a negative impact on innovation when credit markets are less developed. With respect to trade patterns, the country with the worse credit market imports high-tech goods and exports traditional goods. In terms of welfare, opening to trade may lower the welfare of individuals in the short run, but in the long run, all of them are better off under free trade than if they were under autarky."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-12-26T09:21:48.000Z"
    "docTitle" => "Credit Market Quality, Innovation and Trade"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/terra-cristina">TERRA Cristina</a>, VASCONCELOS Enrico"
    "docDescription" => "<span class="document-property-authors">TERRA Cristina, VASCONCELOS Enrico</span><br><span class="document-property-authors_fields">Economics</span> | <span class="document-property-year">2020</span>"
    "keywordList" => "<a href="#">Institutions, innovation, trade pattern</a>"
    "docPreview" => "<b>Credit Market Quality, Innovation and Trade</b><br><span>2020-07 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://doi.org/10.3917/reco.715.0773" target="_blank">Credit Market Quality, Innovation and Trade</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.677269
  +"parent": null
}