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PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
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X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
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DTSTART;TZID=Asia/Kolkata:20190909T143000
DTEND;TZID=Asia/Kolkata:20190909T143000
DTSTAMP:20260408T214046
CREATED:20190904T054955
LAST-MODIFIED:20190906T093344
UID:8612-1568039400-1568039400@www.igidr.ac.in
SUMMARY:Seminar : Wealth Distribution\, Inequality and Capital flows - Role of Credit Market Imperfection
DESCRIPTION:Speaker: Prof. Sugata Marjit\, Centre for Studies in Social Sciences\, Calcutta\n\nDate & Hour: 09 September 2019\, 2:30 pm\n\nVenue: Seminar Hall 1\n\nTitle: Wealth Distribution\, Inequality and Capital flows - Role of Credit Market Imperfection\n\nAbstract: This paper explores the impact of wealth distribution and inequality on pattern of trade and capital flows with credit rationing. More egalitarian societies may aggravate the impact ofcredit rationing leading to import of credit or capital intensive good. Low price of capital in autarky may reflect lack of demand for credit due to scarcity of entrepreneurs and not due to capital abundance and eventually may lead to capital outflow from a capital scarce country. This is a different way of echoing the sentiment of the well-known “Lucas Paradox” which suggests that capital might flow from the poor to the rich countries. We also show the possibility of trade and capital flow being complements and not substitutes\, as is usual in standard models.
URL:http://www.igidr.ac.in/seminars/seminar-wealth-distribution-inequality-capital-flows-role-credit-market-imperfection/
LOCATION:IGIDR\, Santosh Nagr\, Goregaon East\, Mumbai\, 400065\, India
CATEGORIES:Upcoming events
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