主讲人：胡云芳，Kobe University

题目：Financial Integration and Dynamic Gains from Trade

参与老师：余昌华、薛思帆

时间：2025年11月11日（周二）上午10:30-12:00（北京时间）

地点：245教室

摘要：

We analyze the effects of international capital movements on welfare and growth in a two-country, dynamic trade framework. In an extended Heckscher-Ohlin model, we show that financial integration can reverse long-run trade patterns: an initially labor-abundant country may end up exporting capital-intensive goods. Introducing firm heterogeneity à la Moll reveals that capital mobility can alleviate capital misallocation. Finally, using a unified Melitz-Moll framework with endogenous growth, we demonstrate how financial development differentially influences the growth rates in debtor and creditor nations.

主讲人介绍：

Dr. Hu Yunfang is a Professor of Economics at Kobe University, specializing in macroeconomics and international economics. Her research focuses on the role of financial development in the long-run growth of the global economy. Her work has been published in journals including the Journal of International Economics and Economic Theory. She teaches graduate courses such as Open Economy Macroeconomics and International Trade, and was the recipient of the 2025 Kojima Kiyoshi Prize. Dr. Hu received her Ph.D. in Economics from Kobe University.