%0 Journal Article
%T An International Trade Model with Entrepreneurs and Financial Markets
%A Bodil O. Hansen
%A Hans Keiding
%J Technology and Investment
%P 96-106
%@ 2150-4067
%D 2016
%I Scientific Research Publishing
%R 10.4236/ti.2016.73012
%X <div style=\"text-align:justify;\">
	<span style=\"line-height:1.5;font-family:Verdana;\">We consider a two-period model of a three-country world with free trade in finished products and some factor mobility, where production is subject to uncertainty. Enterpreneurs may establish production in other countries but can obtain financing only in the country of origin. In this model, integrating production across countries, in particular integrating economically strong and weak partners, may give rise to a welfare loss, showing that traditional views on efficiency of international trade must be reconsidered when risk and uncertainty are taken into account.</span>
</div>
%K International Trade
%K Entrepreneurs
%K Pareto Inferior Trade
%K Regional Integration
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=69889